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Reserve Fund Study Saskatchewan

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.

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Our Reserve Fund Study Process

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 in Our Saskatchewan Reserve Fund Study

  • 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 Saskatchewan Properties Need 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 Saskatchewan?

While not required every year under the Saskatchewan Condominium Property Act, a Reserve Fund Study is best practice. It helps boards plan for major repairs, maintain financial stability, and protect property value.

Qualified professionals such as engineers, certified reserve planners, or property consultants can prepare a study. At Our Castle, we combine technical expertise with practical experience to deliver accurate, actionable reports.

No. Each province has different regulations and standards. A study from another province may not comply with Saskatchewan rules, so a locally prepared study ensures accuracy and compliance.

Typically, every 3–5 years or sooner if major repairs or changes occur. Updates keep the reserve fund aligned with current asset conditions and projected costs.

Without a study, boards risk unexpected repair costs, non-compliance, and declining property value. A Reserve Fund Study provides a clear financial roadmap to avoid surprises and plan long-term maintenance.

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

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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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