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Chilliwack now records 197 active Strata Corporations, making these entities a dominant feature of the city’s built environment and a central focus for every Depreciation Report prepared in the Fraser Valley. Although virtually all of these corporations are residential or mixed-use, a verified six buildings exceed 13 storeys—true towers—while the balance are low-rise or townhouse-style developments, underscoring the importance of tailoring each Depreciation Report to a wide range of construction profiles found across Chilliwack.
Strata development in Chilliwack began in 1974 when NWS 54 (Parkside Gardens) was deposited at the Land Title Office; growth accelerated through the LMS (1991-2001), BCS (2002-2007) and province-wide EPS (2007-present) plan series. Bare-land strata subdivisions—popular in gated, age-restricted communities on Chilliwack Mountain and in Sardis—co-exist with conventional buildings, so a Depreciation Report must note whether common assets lie inside or outside strata lots.
Residential strata corporations cluster in Downtown Chilliwack, Village West and Sardis, while the city’s few commercial or industrial stratas are concentrated along Young Road, Vedder Road and the Lickman Road “Industrial Way” corridor. Future plans over the next decade include Fraser Gateway’s 24-unit light-industrial strata campus on Lickman Road and several small-bay commercial strata projects such as The Berkeley in Greendale, signalling a slow but steady diversification that upcoming Depreciation Reports will need to address.
Strata property now rivals fee-simple subdivisions as a housing choice, giving Depreciation Reports a growing market share in Chilliwack real-estate transactions. Because the legal name of every strata here starts with its plan prefix—NWS (1974-1990 New Westminster series), LMS (1991-2001 Lower Mainland Strata), BCS (2002-2007 Lower Mainland/Province-wide series) or EPS (2007-present Electronic Plan Strata)—each Depreciation Report must reference the correct abbreviation to ensure clarity for owners, buyers and lenders reviewing building reserves and long-term maintenance forecasts in Chilliwack.