A budget planning tool that identifies the current status of a Reserve Fund and a Funding Plan to offset the anticipated expenditures for the major repairs and replacement of components, elements, or assets, for which a corporation or association is responsible.
OurCastle Reserve Fund Studies comply with applicable legislative requirements and adhere to the industry standards set by the Real Estate Institute of Canada.
Looking for more? Check out our Asset Management Planning service.
A professionally prepared reserve fund study helps your board or organization:
At OurCastle, we are a trusted reserve fund study provider combining technical expertise, practical recommendations, and clarity for board members, owners, and unit owners.
Without a reserve fund study, organizations risk:
A Reserve Fund Study gives your organization clarity, confidence, and a roadmap for smart decision-making.
It depends on your province / state. In British Columbia, Stratas with 5 or more units must obtain a Depreciation Report and renew it at least every 5 years. In Alberta, Saskatchewan, and Manitoba, similar requirements apply for Condominiums under each province’s legislation, though the specifics and exemptions vary.
A Reserve Fund Study is a comprehensive plan that assesses the current condition of your assets, projects future replacement costs, and outlines a reserve fund plan. A depreciation report or other funding study may have a similar scope, but terminology and regulatory requirements differ by province.
Yes. As your reserve fund provider, we offer follow-up consultations and updates to keep your reserve fund plan current as future costs and property conditions evolve.
A Reserve Fund Study that fits your organizational goals and circumstances allows you to:
Our reputation is built on delivering tools that drive results. Informative meetings, detailed conversations, and collaborative planning are key to our method.
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