British Columbia
BC Form B Information Certificate — What It Means for Buyers
Form B is the single most important disclosure document in a BC strata purchase. It tells you the corporation's financial position, any pending costs, and whether there are legal issues. But Form B alone is just a one-page summary — the real intelligence is in the full strata package that accompanies it. Here is what to look for, and how Pellucis can help.
What Form B Discloses
Current monthly strata fee for the unit
Any special levies approved or anticipated by the strata council
Contingency reserve fund (CRF) balance
Any outstanding liens on the strata lot
Whether the strata corporation is party to litigation
Any court orders affecting the strata
The Full Strata Package
Form B is accompanied by the documents that contain the real detail:
Depreciation Report
30-year capital replacement plan. Pellucis calculates reserve runway and flags underfunding.
Current Budget
Operating and CRF contributions. Reveals whether fees cover actual costs.
Financial Statements
Prior year financials. CRF balance, operating surplus/deficit, arrears.
AGM & Council Minutes
Governance record. Procurement, capital projects, conflict density, action-item closure.
Bylaws & Rules
Rental restrictions, pet bylaws, EV charging, renovation rules, amendment history.
Insurance Certificate
Property and liability coverage. High deductibles ($100K+) are a chargeback risk.
2026 Depreciation Report Deadline
BC regulations now require all stratas with 5+ lots to have a current depreciation report. Metro Vancouver, Fraser Valley, and Capital Regional District stratas must comply by July 1, 2026. All other BC stratas must comply by November 1, 2026. If the strata you are buying into does not have a current report, treat it as a material risk factor.
How Pellucis Analyzes Form B
Upload your full strata package and receive a scored review instantly. Pellucis extracts every financial figure, scores governance from the minutes, calculates reserve runway from the depreciation report, and flags insurance deductible exposure.
Financial
CRF balance, operating surplus/deficit, arrears rate, budget adherence, reserve runway.
Governance
Procurement discipline, action-item closure, AGM compliance, bylaw amendment patterns.
Property
Capital projects, deferred maintenance, insurance deductible exposure, building systems.
Community
Meeting participation, quorum health, conflict density, tribunal references.
Frequently Asked Questions
What is a Form B in BC?
Form B (Information Certificate) is a standardized disclosure document mandated by BC's Strata Property Act. It discloses the current strata fee, special levies, contingency reserve fund balance, liens on the strata lot, and whether the strata is in litigation. It is the BC equivalent of Ontario's status certificate.
What documents come with a Form B?
A complete strata package includes: the Form B certificate, current budget, depreciation report (if available), two years of AGM and council minutes, financial statements, bylaws and rules, and insurance certificate. The full package can run 200–800 pages for larger stratas.
Is a depreciation report required in BC?
Yes — since Bill 44 (2022) eliminated the opt-out, depreciation reports are mandatory for all BC stratas with 5 or more strata lots. Metro Vancouver, Fraser Valley, and Capital Regional District stratas must comply by July 1, 2026. All other BC stratas must comply by November 1, 2026.
How is Form B different from a status certificate?
Form B and Ontario's status certificate serve the same purpose — financial and legal disclosure for buyers — but differ in format, required contents, and governing legislation. Form B is governed by BC's Strata Property Act; the status certificate by Ontario's Condominium Act. Pellucis analyzes both under the correct provincial framework.
How much does a Form B review cost?
Pellucis charges $249 per property for a complete scored review of your Form B and accompanying strata package. The review covers four dimensions — Financial, Governance, Property, Community — with a clear verdict and quantified exposure. Delivered instantly.