Linkedin-in Instagram Facebook Whatsapp
Request a Proposal

Reserve Fund Study Manitoba

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.

Schedule Your Free Consultation

Process Summary

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

  • Accurate Estimations
  • Impartial Opinion of Condition
  • Technical Expertise
  • Maintenance Advice
  • Meaningful Financial Analysis
Differences Between A Depreciation Report and a BCA
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 reserve fund report with clear recommendations, cost projections, and a roadmap for decision-making. Optional follow-ups or supplementary tools are always available.

What’s Included

  • 30-Year Cash Flow Projection
  • Multiple Funding Strategy Scenarios
  • Major Property Components’ Lifecycle Estimates
  • Visual Summary Tables and Charts
  • Maintenance Notes, Observations, And Stewardship Recommendations

Looking for more? Check out our Asset Management Planning service.

Why Choose a Reserve Fund Study

A professionally prepared reserve fund study helps your board or organization:

  • Develop a reserve fund plan based on accurate data and ensure a healthy reserve fund for future maintenance and major repairs
  • Make informed decisions for budgeting and maintenance
  • Minimize the risk of special assessments or emergency repairs
  • Ensure funding requirements are met for major repairs or replacement of common property
  • Extend the lifespan of assets through planned maintenance and repair schedules

At OurCastle, we are a trusted reserve fund study provider combining technical expertise, practical recommendations, and clarity for board members, owners, and unit owners.

Risks of No-Plan Stewardship

Without a reserve fund study, organizations risk:

  • Unanticipated repair or replacement costs
  • Insufficient reserve funds for emergency repairs
  • Poor financial health and potential special assessments
  • Reduced lifespan of major components

A Reserve Fund Study gives your organization clarity, confidence, and a roadmap for smart decision-making.

Frequently Asked Questions

Is a Reserve Fund Study mandatory in Manitoba?

Yes. In Manitoba, condominium corporations are required to have a Reserve Fund Study under provincial legislation. This ensures that sufficient funds are set aside for the future repair and replacement of major building components. Keeping the study up to date is essential for compliance and long-term financial planning.

A Reserve Fund Study must be prepared by a qualified professional with expertise in building assessment, cost forecasting, and financial planning. OurCastle’s team, led by Nick Dolbilov, CRP, combines technical building knowledge with practical financial analysis to deliver accurate, actionable studies.

No. Reserve Fund Study requirements vary by province, including scope, reporting format, and legal obligations. A study prepared in another province may not meet Manitoba’s legislative or condominium regulatory standards. It’s important to have a study specifically prepared for Manitoba regulations.

We recommend renewing every 4 years to keep your planning current. Costs shift, buildings age unpredictably, and your priorities evolve.
Depreciation Report / Reserve Fund Study follow a standardized funding model and don’t always reflect your exact phasing or priorities. For more flexibility and customization, check out our Asset Management Planning service.
No, but digital drawings significantly improve the accuracy of quantity and layout assumptions. If your documents are missing or outdated, we offer drawings procurement and digitization services – useful not just for reports, but for engineers and contractors down the road. Organizations that have digital drawings often avoid extra costs.
Often yes — many funders accept Depreciation Reports or Reserve Fund Studies as part of capital funding requests. If you need more tailored funding models or risk framing, we recommend an Asset Management Plan.
Every report includes a review meeting, where we walk through our approach and welcome your feedback. If we can find a defensible rationale, using impartial sources, we are happy to reference it in the report. We’re here to build a tool that works for you – not just deliver a document.

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.

Useful Links

Alberta-government-logo2.svg

Alberta - Reserve Fund Study Fact Sheet

International Capital Budgeting Institute – Reserve Study Professional Standards

Condominium Home Owners Association of BC – What you need to know: Depreciation Reports

Risks of No-Plan Stewardship

Now you have a plan.

A Reserve Fund Study that fits your organizational goals and circumstances allows you to:

  • Develop a financial strategy
  • Make informed budgeting decisions
  • Minimize the chance of surprises

Get In Touch

Book Your Free Consultation With An Expert

Our reputation is built on delivering tools that drive results. Informative meetings, detailed conversations, and collaborative planning are key to our method.

Want to see what that feels like?

Book a Meeting
Request a Proposal