What are they?
Provincial legislation now requires strata councils to provide a business plan that factors in when common assets such as roofs and elevators will need to be repaired, renewed or replaced.
What is means to you
If you live in a strata building your council will need to consider getting a depreciation report done. And who to do it. It can be put off for a period of time. But not having a report effects the resale of your property.