Metro Vancouver roofing contractors are crediting B.C.’s new depreciation reports for a boom in roof replacements.
“We are booked through to the end of August if we work six days a week,” said Josh Gibson, co-owner of Benchmark Roofing Ltd. “On my desk right now I have three multi-family projects that came in this week and they are all very large.”
As Gibson spoke, Benchmark crews were ripping 60,000 square feet of cedar shakes off a Richmond condominium complex and replacing them with a 24-guage metal roof. Gibson said depreciation reports are helping to drive the work.
A fairly recent provincial Strata Property Act amendment requires strata corporations document future maintenance and assure sufficient funds are put aside to cover the work. The resulting depreciation reports are meant to inform consumers of what repairs are required for any strata building.
Read the full story in our sister publication Business in Vancouver here.
