finance-replacement-reserves (Home Systems)

Finance / Replacement Reserves

• What this is: the financial model for funding big-ticket home replacements before they fail — a sinking fund for roofs, water heaters, furnaces, electrical panels, and perimeter drains — so failure events become planned draws, not emergencies. Covers both detached (owner self-funds entirely) and strata (CRF + depreciation report fund common elements; owner reserves separately for in-unit items and their share of any special levy).
• Not: day-to-day maintenance budgets (covered in each component note); strata insurance or the deductible-chargeback problem (→ insurance-warranties (Home Systems) · The Strata Insurance Circularity Problem); legal or financial planning advice.
• Figures: 2025–26 Metro Vancouver replacement cost estimates — get your own quotes. Reserve contributions are illustrative; a fee-only financial planner can tailor them to your home’s actual age profile.

Bottom line

The rule (tripwire)

• If any capital item hits its expected service life or shows a hard-fail sign → fund the replacement now, not when it breaks. Planned replacement on your schedule = 1–3 quotes and a permit; emergency replacement on failure = emergency call-out, deductible risk (strata), and contractor power over you.
• If a strata special levy arrives → check whether your CRF was adequately funded. A special levy is the symptom of chronic CRF underfunding, not a normal operating cost. If it keeps happening, the strata needs a depreciation-report-guided contribution increase — not another levy.

Recurring upkeep

• Detached: review your reserve balance annually against each item’s age and cost. Adjust the monthly contribution when replacement costs rise (they will — inflation runs ~3–5%/year on construction).
• Strata: read the depreciation report before every AGM. Vote to fund at least the threshold model — the statutory minimum (10% of operating budget) virtually guarantees future special levies.¹

One-time setup

• Build the item-by-item reserve model (the procedure below). One afternoon of setup, runs on a spreadsheet forever.
• Strata: request the current depreciation report and CRF balance from your strata manager. FILL: [CRF balance as of last AGM: ___ | depreciation report date: ___ | next depreciation report due: ___]

Standing facts

• Detached owners self-fund the whole reserve — no shared fund, no legal minimum, no external safety net. This is both the freedom and the vulnerability.
• Strata CRF covers common property only. In-unit items (your water heater, your in-unit appliances) are outside the CRF — you reserve for those separately.
• Strata CRF minimum is 10% of operating budget as of November 2023 (up from 5%).² This is a floor, not a target.
• BC strata depreciation reports are now mandatory on a 5-year cycle for all strata corporations with 5+ units; Metro Vancouver deadline was July 1, 2026.³

How it works — the load-bearing mechanism

The sinking-fund model: every capital item depreciates toward a replacement moment. The reserve model spreads that future cost back over the years you’re living with the item. If a roof costs $15,000andlasts20years,youneed$750/year in your reserve — not $15,000 as a surprise when the shingles blow off.

The formula per item:

Annual reserve contribution = Replacement cost × inflation factor
                              ÷ Remaining service life

Inflation matters: a furnace that costs $8,000todaycosts$11,000 in 10 years at 3% annual inflation. Most reserve models use 2–4% inflation.¹

For detached homeowners: you hold this reserve in a HISA or GIC ladder in your own name. No legal minimum, no approval process — it’s self-insurance. The discipline is entirely personal. If you don’t fund it, the alternative is a home equity line of credit (HELOC) at whatever rate prevails when you need it, or deferred maintenance that compounds.

For strata owners — two layers run in parallel:

Layer A — CRF (common property): The strata corporation holds the CRF in a separate trust account invested in federally insured deposits, GICs, or qualifying bonds — equities are prohibited.¹ The CRF pays for common-property replacements (building envelope, elevators, parkade, common-area HVAC, roof of the building, etc.). Every 5 years, a qualified depreciation-report preparer projects costs over a 30-year horizon and proposes at least 3 funding models.³ The strata’s owners vote annually on the contribution level in the AGM budget.

Layer B — your in-unit reserve (owner-held): Your water heater, in-suite appliances, in-suite HVAC, and any owner-installed betterments are yours to reserve for — they are outside the CRF. Treat this the same as the detached model: item-by-item, replacement cost ÷ remaining service life.

The special levy is what happens when Layer A is underfunded. When the CRF can’t cover an urgent common-property expenditure, the strata corporation passes a special levy — a lump-sum assessment charged to each unit in proportion to unit entitlement, requiring a ¾ vote of owners.⁴ Special levies are legally enforceable (lien-able against your title if unpaid).⁴ They are not emergencies in the legal sense — they are the predictable consequence of a CRF that wasn’t funded to meet known future costs. → Reserve-Now vs Special-Levy-Later Is a Reversibility Decision (Home Systems)

The depreciation report is your forward-looking instrument. It tells you what replacements are coming, when, and approximately how much they’ll cost. Reading it before an AGM lets you vote for adequate funding — or at least understand what a low-contribution vote means for future levies.

What goes wrong, and the warning signs

Watch for	What it means
You have no reserve fund or can’t name the balance	You are self-insuring with no capital — one failure event away from a HELOC or deferred maintenance cascade
Annual reserve contribution has never been revisited	Replacement costs rise with inflation; a stale contribution model drifts further behind each year
Strata CRF balance is below 25% of operating budget	Statutory underfunding — the strata must contribute at least 10% of operating budget annually until the 25% threshold is restored2
Strata votes to fund at the statutory minimum only	The minimum virtually guarantees future special levies1 — this is a deferred cost, not a saving
Strata hasn’t updated its depreciation report in 5+ years	Required report is missing; the CRF contribution model is based on stale data
A capital item has passed its expected life with no replacement plan	The failure is now a risk event, not a scheduled capital draw
Multiple special levies in 5 years	Structural CRF underfunding — the contribution level needs to increase, not patch with more levies

What actually costs you:

• No reserve + urgent failure: HELOC at current market rates on the full replacement cost, often in emergency circumstances where contractor options are limited
• Strata special levy exposure: a single major common-property replacement (e.g. building envelope repair) can run $10,000–$50,000+ per unit in a Metro Vancouver low-rise — assessed whether or not you have cash on hand
• Missing a special levy payment: the strata can file a lien against your title under SPA s.116⁴ — this clouds the title and must be discharged before sale

Typical cost (BC / Metro Vancouver) — the reserve model inputs

This is the core of this note. Use these figures to build your item-by-item reserve model.

Representative capital items — detached home

Item	Typical BC service life	Replacement cost range (Metro Van, 2025–26)	Annualized reserve	Sources
Asphalt shingle roof	15–25 yr (wet climate shortens to lower end)	$7,000–$18,000 (1,500–2,500 sq ft home)	$375–$750/yr	567
Gas furnace	15–20 yr	$5,500–$12,500 installed	$360–$700/yr	89 — indicative (limited sources)
Water heater (tank gas/electric)	8–12 yr	$1,800–$3,500 (standard, permitted)	$180–$380/yr	10 — indicative (limited sources)
Electrical panel (100→200 A upgrade)	30–40 yr (panel life); replace when upgrading	$2,500–$8,000	$80–$225/yr	1112 — indicative (limited sources)
Perimeter drain (existing home, no hardscaping)	30–50 yr (PVC modern); 20–30 yr (clay/Big-O)	$15,000–$25,000 (excavation + install)	$375–$625/yr	1314 — indicative (limited sources)
Major appliances (fridge, stove, washer, dryer)	10–15 yr each	$800–$2,500 each installed	$80–$200/yr each	indicative — limited independent sources

Annualized reserve = replacement cost (mid-range) ÷ service life (mid-range). Does not include inflation. Inflation at 3%/yr over a 15-yr horizon adds ~56% to the nominal figure — use the formula in “How it works” for your specific item age.

Metro Vancouver labour runs 15–20% above the rest of BC on roofing and HVAC.⁵⁸ Panel upgrade costs vary widely with access and whether a meter base replacement is needed.¹¹

Illustrative total for a detached home with an average age profile (mid-life on most items):

• Roof + furnace + water heater + panel + perimeter drain = roughly $800–$1,800/month in annualized reserve, spread across 5 items
• Actual monthly contribution: $170–$400/month (varies sharply by item ages and whether the perimeter drain is clay-era or modern PVC)

This is illustrative, not advice. A home with a new roof and new furnace might contribute $100/month;ahomewithagingclaydraintilesanda15-year-oldfurnacemightneed$350+/month to avoid a HELOC moment.

Representative strata context — CRF contribution per unit

Strata CRF contributions are set by the strata corporation and funded from strata fees. The owner’s share depends on unit entitlement. Typical annual contributions in BC stratas range $1,500–$3,500 per unit for older buildings; newer buildings generally contribute less.¹

The statutory minimum (10% of operating budget) often equates to $500–$1,500/year per unit — not enough for a building with significant replacement needs on the horizon.¹ A well-managed strata targeting the threshold or fully-funded model will contribute more.

As a buyer or current owner, ask the strata manager for the CRF balance, the depreciation report, and the last 3 years of AGM minutes on reserve contributions — this tells you whether the building has been funding proactively or deferring.

Pricing method note

Replacement costs above are triangulated across ≥3 independent sources per item where available. The following rows have thin or single-source BC-specific sourcing — treat as indicative and get your own quotes:

• Perimeter drain — limited BC-specific contractor data.
• Major appliances — limited independent sources.
• Water heater — single BC-specific source (¹⁰, AceTech Ltd); range is consistent with the water-heater component note’s multi-source triangulation; see water-heater (Home Systems) for the full sourced pricing table.

The key decision — reserve-now vs defer (with Decision Lifecycle framing)

Reversibility × cost test:

• Funding a reserve now = fully reversible (it’s your savings; you can stop or redirect)
• Deferring and then facing an emergency replacement = irreversible in the moment (can’t un-fail a furnace in January; can’t un-receive a $30K special levy)
• Cost: reserve contributions are incremental (low per-month). Emergency replacement or a special levy is a large, concentrated, time-pressured cost.

The verdict: reserve-now dominates defer on the decision matrix. The one legitimate reason to defer is if the item has just been replaced (remaining life is long; reserve contributions are negligible). There is no legitimate reason to skip reserving entirely for an item that is mid-life or older.

For strata — fund-now vs special-levy-later: a special levy is not simply a deferred contribution — it arrives suddenly, is assessed proportionally to unit entitlement regardless of your cash position, and can be enforced via title lien. “We’ll do a special levy when we need to” is not equivalent to “we’ll save up for it.” → Reserve-Now vs Special-Levy-Later Is a Reversibility Decision (Home Systems)

The Decision Lifecycle applies if the dollar threshold and irreversibility test both pass — which they do once any single capital item exceeds $500 (all items above do). Full process for the high-cost items (roof, perimeter drain, furnace); light process for water heater and panel.

How to maintain it — the procedures

Procedure: Build the reserve model (one-time, detached)

Why: without a model, you are guessing at a contribution amount. A model turns “how much should I save?” into a calculated, auditable number.

You’ll need:

• A spreadsheet or notes app
• This note’s cost table
• The age of each item (check your home inspection report, permit records, or installer invoices)
• 30–60 minutes on first setup

Steps:

1. List every capital item in your home that has a finite service life. MUST. Use this note’s table as a starting point: roof, furnace/heating system, water heater, electrical panel, perimeter drain, major appliances, windows (if original and aging).
2. For each item, record: current age, expected total service life (use this note’s ranges), estimated replacement cost (use this note’s ranges or a recent local quote). MUST.
3. Calculate remaining service life: total life − current age. If the item is already past mid-life, use a shorter horizon.
4. Apply the formula: Annual reserve = replacement cost ÷ remaining service life. MAY add a 3% inflation adjustment if the item is more than 5 years from replacement.
5. Sum the annual reserves across all items. Divide by 12. That’s your monthly reserve contribution target.
6. Open a dedicated HISA (separate from your emergency fund and operating account) and set up an automatic monthly transfer. MAY use a GIC ladder for amounts >$5,000 (earns more; still liquid within 1 year).
7. Set a calendar reminder to review annually — update item ages, check if replacement costs have risen, and adjust the contribution.

Done when: you have a spreadsheet with one row per capital item, a calculated monthly total, and an automatic transfer set up.

Stop and call a pro if: your home is more than 20 years old and you’re uncertain about the condition of multiple systems — a home inspection (even outside a purchase) gives you a condition report to anchor your reserve model.

Reserve calendar:

• Annually (e.g. January): update item ages and replacement costs; check HISA balance vs model; adjust contribution.
• When any item hits 75% of its service life: get a quote and confirm replacement timing.
• At any major failure sign (see each component note): move from “reserve” mode to “replace now” mode; draw from reserve, supplement with HELOC if needed.

---

Procedure: Read the depreciation report before an AGM (strata)

Why: the depreciation report tells you what the strata’s building components are worth, when they’ll need replacing, and whether the CRF is on track. Voting on the budget without reading it is voting blind on your future special levy risk.

You’ll need:

• The most recent depreciation report (request from strata manager if not sent with AGM package)
• The CRF balance from the last AGM
• The proposed annual budget showing the new CRF contribution
• 45–90 minutes

Steps:

1. Request the depreciation report from the strata manager if it wasn’t distributed with the AGM package. MUST — owners are entitled to see it.
2. Find the 30-year projection table. Look for the years where major expenditures are forecast (roof, mechanical systems, parkade, elevator, building envelope). Note which ones fall within the next 5–10 years.
3. Check the CRF balance against the reserve requirement for those near-term items. Is the fund on track?
4. Look at the proposed funding model. Is the budget proposal adopting the minimum, threshold, or fully funded model? If minimum, ask: “What’s the projected special levy exposure under this model?” — good depreciation reports model this explicitly.
5. At the AGM: vote for at least the threshold model. If the strata is voting for minimum-only, ask the strata council to present the special-levy risk under that model before the vote. MUST record your position in the minutes if outvoted.
6. After the AGM: update your personal file with the new CRF balance and the next depreciation report due date.

Done when: you understand what the CRF is funding, what the near-term replacement horizon looks like, and what contribution model was adopted.

Stop and call a pro if: the depreciation report is missing, more than 5 years old, or shows a funding shortfall that the council is ignoring — a strata lawyer or CHOA advisor can advise on owner rights and remedies.¹⁵

Strata reserve calendar:

• Before every AGM: read the depreciation report; check the CRF balance; compare proposed contribution to the threshold model.
• Before buying a strata unit: request Form B (which includes CRF balance) and the full depreciation report. A low CRF balance + aging building + minimum-only contributions = incoming special levy risk.
• Every 5 years: a new depreciation report is due — confirm it has been commissioned and review the updated projections.

---

Procedure: Assess and respond to a strata special levy

Why: a special levy is not optional. Understanding what it funds and whether it reflects a structural CRF problem lets you vote intelligently and plan your cash flow.

You’ll need:

• The levy notice (SPA s.108 requires the notice to state purpose, total amount, per-unit amount, and payment date)⁴
• The depreciation report that should have forecast this expenditure
• Your AGM voting record

Steps:

1. Confirm the levy is valid. MUST — it must be approved by ¾ vote at a general meeting; the notice must state the purpose, total amount, per-unit share, and payment date. If any of these are missing, consult a strata lawyer before paying.
2. Check whether the expenditure was in the depreciation report. If yes: the strata had notice and underfunded. If no: it’s a genuine emergency or oversight — note the difference for the next AGM budget conversation.
3. Pay by the deadline. MUST — late payment attracts interest and eventually a title lien under SPA s.116.⁴
4. At the next AGM: raise whether the CRF contribution level is adequate to prevent recurrence. Ask the strata council to present the depreciation-report-recommended funding model.

Done when: levy is paid; cause is documented; AGM plan is in place.

Stop and call a pro if: you believe the levy was passed without the required ¾ vote, the notice is defective, or the amount per unit doesn’t match your unit entitlement calculation.

Strata reality — CRF vs in-unit reserve

The CRF covers common property, not your unit. Common property (building envelope, roof structural, elevators, parkade, central mechanical systems, common-area finishes, landscaping) is funded through the CRF and managed by the strata corporation. → strata-common-property-systems (Home Systems)

In-unit items remain your reserve responsibility:

• Your in-suite water heater
• Your in-suite appliances (washer, dryer, dishwasher, fridge, stove)
• Your in-suite HVAC if separate from common systems
• Any betterments you installed (custom flooring, kitchen renovation, added bathroom)

For these, run the detached reserve model — same formula, same HISA discipline.

Special levy exposure is proportional to unit entitlement. If your unit is 10% of total entitlement and a $500,000common-propertyrepaircomesthrough,yourlevyis$50,000 — assessed as a lump sum, payable by a deadline, whether or not you have the cash.⁴ This is the core argument for adequate CRF funding.

Form B discloses CRF status at purchase. Before buying a strata unit, the seller must provide a Form B (Information Certificate) that includes the CRF balance and any known or anticipated special levies.¹⁶ Read it. A low CRF balance relative to the building’s age and depreciation-report projections is a price-negotiation signal.

CRF money is non-refundable. When you sell a strata unit, you do not recover your CRF contributions — they stay in the fund for the building. This is standard across all BC stratas.¹⁷

When you hire someone

A fee-only financial planner can build a formal reserve model and integrate it with your broader financial plan. A strata reserve fund advisor (certified reserve planner or engineer) can review the depreciation report and tell you whether the CRF contribution is adequate.

Ask:

• Are you fee-only (no product sales or commissions)?
• For strata advisors: are you a certified reserve planner (REIC) or professional engineer (APEGBC)?
• Can you model the reserve against my specific item ages and Metro Vancouver replacement costs?
• For strata advice: can you review the depreciation report and flag if the funding model is below the threshold level?

Verify:

• Written engagement letter before any fees
• For strata advisors: check APEGBC or REIC registration
• Model delivered in a format you can update annually (spreadsheet, not just a PDF)

Who to call

Fee-only financial planner FILL: owner data pending

• Name: FILL
• Firm: FILL
• Phone / email: FILL
• Specialty: fee-only, no product sales
• Notes: for building the personal reserve model and integrating with broader financial plan

Strata manager FILL: request from strata manager

• Name: FILL
• Company: FILL
• Phone / email: FILL
• CRF balance (last AGM): FILL
• Depreciation report date: FILL
• Next report due: FILL

CHOA (strata advisory) — Condominium Home Owners’ Association of BC — free and paid strata owner advice — https://www.choa.bc.ca/¹⁵

Cross-linked:

• Physical component notes → water-heater (Home Systems) · roof (Home Systems) · electrical-panel (Home Systems) · heating-system (Home Systems) · foundation-drainage-waterproofing (Home Systems) — for component-level service life and cost detail
• Insurance / deductible chargeback → insurance-warranties (Home Systems) · The Strata Insurance Circularity Problem
• Strata common property → strata-common-property-systems (Home Systems)
• Vendors → vendor-roster (Home Systems)

---

Sources

Idea Compass

North: Where this comes from

• Finance-Reserves (Home Systems) — parent system MOC
• The Decision Lifecycle — the reserve-now vs defer framing (reversibility × cost)
• SPA s.108 / s.116 — the statutory backbone for CRF obligations and special levy enforcement

East: Tensions / failure

• The Strata Insurance Circularity Problem — insurance gap that reserve can’t solve; but adequate reserves reduce the trigger frequency
• Reserve-Now vs Special-Levy-Later Is a Reversibility Decision (Home Systems) — the core tension this note resolves
• Strata CRF Minimum Contribution Is a Floor Not a Target (Home Systems) — the minimum-only trap

South: Where this leads

• water-heater (Home Systems) · roof (Home Systems) · electrical-panel (Home Systems) · heating-system (Home Systems) · foundation-drainage-waterproofing (Home Systems) — the physical components whose replacement costs feed this model
• strata-common-property-systems (Home Systems) — what the CRF actually funds
• insurance-warranties (Home Systems) — the parallel financial-backstop layer
• vendor-roster (Home Systems) — where the fee-only planner card lives

West: What’s similar

• Home Sinking Fund Is the Self-Insurance Alternative to the Special Levy (Home Systems) — the detached-owner version of the same principle
• BC Capital Item Replacement Cost Reference 2026 (Home Systems) — the cost-reference atomic note
• strata-bylaws-fees-governance (Home Systems) — where strata fees and voting rules live; CRF contributions are set here

Footnotes

1. Wynford reserve fund advisors, BC reserve fund planning article — $1,500–$3,500/unit/year typical for older BC stratas; minimum-only contribution model “guarantees future special levies”; CRF must be invested in federally insured deposits/GICs only; 2–4% inflation in reserve models — https://www.wynford.com/articles/reserve-fund-planning-bc ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶

2. BCFSA / Province of BC — CRF minimum contribution increased to 10% of operating budget effective November 1, 2023 (up from 5%); 25% balance threshold triggers the minimum contribution obligation — https://www.bcfsa.ca/industry-resources/real-estate-professional-resources/knowledge-base/advisory/strata-property-regulation-changes-form-b-and-contingency-reserve-fund-contributions (flagged — page 403’d; rule confirmed via multiple secondary sources including binpal.com/bc-strata-property-act-new-10-contingency-reserve-fund-requirements and cbc.ca/news) ↩ ↩²

3. Province of BC — strata depreciation report requirements, 5-year cycle, July 2026 Metro Vancouver deadline, mandatory 30-year projection and ≥3 funding models — https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/repairs-and-maintenance/depreciation-reports/depreciation-report-requirements ↩ ↩²

4. Province of BC — special levies in strata: ¾ vote requirement, unit-entitlement apportionment, title lien enforcement — https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/finances-and-insurance/special-levies ↩ ↩² ↩³ ↩⁴ ↩⁵ ↩⁶

5. Paragon Roofing BC, Metro Vancouver roofing company — asphalt shingle replacement $5–$9/sq ft; installed total $7,000–$18,000 for 1,500–2,500 sq ft; Metro Vancouver 15–20% above rest of BC; lifespan 15–25 yr in wet climate — https://www.paragonroofingbc.ca/blog/roof-replacement-cost-in-vancouver-a-no-nonsense-guide-to-costs-quality-and-confidence ↩ ↩²

6. Green Building Canada — BC asphalt shingle replacement cost $4–$9/sq ft; 15–30 yr lifespan; Metro Vancouver premium confirmed — https://greenbuildingcanada.ca/average-roof-replacement-cost-bc/ ↩

7. Vancouver General Contractors — Metro Vancouver roof replacement cost guide 2026, asphalt shingles $10,800–$18,000 for typical 1,800 sq ft home — https://vancouvergeneralcontractors.com/roofing-cost-vancouver-guide-2026/ ↩

8. Eco Pro Heating, Metro Vancouver HVAC company — furnace replacement $5,500–$12,500 installed; gas furnace equipment $4,500–$8,000; service life 15–20 yr — https://www.ecoproheating.ca/blog/how-much-does-a-furnace-cost-in-vancouver-bc ↩ ↩²

9. Whyte Mechanical, Metro Vancouver HVAC company — 2026 furnace replacement in Vancouver $4,350–$11,750; most around $6,800 for complete installation — https://www.whytemechanical.ca/blogs/2026-furnace-replacement-cost-in-vancouver-what-to-expect-and-how-to-budget ↩

10. AceTech Ltd, Metro Vancouver plumbing company — 2025 standard tank water heater installed $1,800–$3,500 (gas or electric 40–50 gal); includes permit, seismic strapping, haul-away — https://acetechltd.ca/2025/09/16/hot-water-heater-installation-guide/ ↩ ↩²

11. CSK Electric, BC licensed electrician — 200 A service upgrade in BC $2,500–$8,000; permit $300–$400 included; labour $1,000–$2,500; typical panel life 30–40 yr — https://cskelectric.ca/blog/the-cost-to-upgrade-to-200-amp-service-in-bc-2025/ ↩ ↩²

12. Care Electrical, Metro Vancouver electrician — 200 A upgrade $2,000–$4,500 typical (straightforward job); West/North Vancouver $3,500–$6,500 — https://careelectrical.ca/electrical-panel-upgrade-in-vancouver/ ↩

13. Back 40 Landscaping, Fraser Valley contractor — perimeter drain installation in existing homes (no landscaping) $15,000–$25,000; with hardscaping removal $25,000–$50,000 — https://back40landscaping.ca/perimeter-drain-cost/ ↩

14. Basement Waterproofing Scientists — perimeter drain / weeping tile lifespan: modern PVC with filter fabric 30–70 yr; clay tile 30–50 yr; basic Big-O tubing much shorter — https://basementwaterproofingscientists.com/the-ultimate-guide-to-weeping-tiles-and-dry-foundations/ ↩

15. CHOA, Condominium Home Owners’ Association of BC — strata owner advisory organization, free resources and paid helpline — https://www.choa.bc.ca/ ↩ ↩²

16. Strata Property Act [SBC 1998] Chapter 43, Form B (Information Certificate) — CRF balance and special levy disclosure at time of sale — https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/98043_06 ↩

17. Province of BC — CRF contributions are non-refundable to owners on sale — https://www2.gov.bc.ca/gov/content/housing-tenancy/strata-housing/operating-a-strata/finances-and-insurance/the-contingency-reserve-fund-crf ↩