Depreciation Report

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.

Process Summary

OurCastle Depreciation Reports comply with applicable legislative requirements and adhere to the industry standards set by the Real Estate Institute of Canada.

1
Submit Essential Documents
Help us get familiar with your property. We’ll request key documents like drawings, financials, maintenance records, and past reports so we can hit the ground running with real context.
2
Conduct the Site Visit
We walk the property, document current conditions, and assess key components, from roofing and cladding to mechanical systems and common areas. Our assessments are thorough and unobtrusive.
3
Meet to Review Draft
Once a draft is ready, we meet with you to review the findings and funding strategies. Your feedback helps shape the final version of the report.
4
Receive the Final Report
You receive a polished document with clear recommendations, cost projections, and a roadmap for decision-making. Optional follow-ups or supplementary tools are always available.

Now you have a plan.

A Depreciation Report that fits your organizational goals and circumstances allows you to:

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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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