StrataReports

StrataReports is a digital platform that provides automated review and analysis of condominium and strata documents for properties located in British Columbia, Alberta, and Ontario, Canada. Its core functionality is to extract, summarize, and flag critical financial and legal information from lengthy strata meeting minutes, budgets, insurance policies, reserve fund studies, and depreciation reports. Users upload document sets, and the system processes them using artificial intelligence to generate a concise, standardized report within approximately 15 minutes. The primary audience includes real estate agents, mortgage brokers, property investors, homebuyers, and legal professionals who need to assess the financial health and risk profile of a strata property before making a purchase or financing decision. The platform eliminates the need to manually read dozens or hundreds of pages of dense legal and financial documents, saving time and reducing human error. Each report covers several key categories. Under financial levies, the system identifies any proposed or approved special levies, including the amount, purpose, and payment deadline. It also calculates the total contingency reserve fund balance and compares it against minimum regulatory requirements to highlight potential funding gaps. Insurance details are parsed, including earthquake and flood deductibles, coverage limits, and policy expiry dates. Budget sections break down building operating costs, insurance premiums, utilities, and other recurring expenses, allowing users to see whether the strata corporation is operating within fiscal prudence. In addition, the platform flags risk indicators such as frequent special assessments, low reserve fund contributions, litigation history, or deferred maintenance items.