Reserve fund studies for Alberta condominiums
Reserve fund studies, prepared by a professional engineer.
Roofs, parkades, boilers and exterior walls do not last forever. A reserve fund study tells your corporation what major common property will need repair or replacement, when that work is likely, what it should cost, and how much to set aside each year, so owners are not surprised by a special levy.
The three documents Alberta law names
A reserve fund study
A signed reserve fund report
A draft reserve fund plan your board can approve and circulate to owners
P.Eng. author
A qualified reserve fund study provider under Alberta rules.
30-year horizon
Funding modelled at least 30 years ahead.
Current Alberta costing
Costs at no less than current cost, GST treatment stated.
Board-ready
Draft plan ready for a board motion and owner circulation.
Why a P.Eng.
An engineer for the parts that cost the most.
Alberta requires the study and report to be prepared by a qualified reserve fund study provider, and a professional engineer is on that list. An engineering author is useful when the inventory includes structure, parkades, envelopes, elevators and mechanical plants, not only finishes.
You get an on-site review of visible depreciating property, a board interview, a document review, current Alberta costing, and a 30-year funding recommendation your minutes can stand on.
What we deliver
Inventory of depreciating common, managed and corporation-owned property over at least 30 years
Condition and remaining-life estimates from a site visit
Repair and replacement costs at no less than current cost, with GST treatment stated
Current reserve balance versus future need
Recommended annual contribution and 30-year cash flow
Draft reserve fund plan for board approval and owner circulation
A file you can put in the AGM package and reuse at the five-year statutory review
Property types
Every form of Alberta condominium.
If the corporation owns it and it will need major repair or replacement, it belongs in the study, including parkade membranes, heated walks and central plants that generic templates often miss.
Compliance, in one paragraph
Written to Alberta rules. Not a U.S. template.
Alberta condominium corporations must complete the first study and plan within two years of plan registration, then complete a new study, report and plan on or before five years from the last plan approval. The study must look at least 30 years ahead. The approved plan goes to owners before it is implemented. An annual reserve report belongs in every AGM package. We write to those rules, not to a U.S. reserve-study format.
2 years
First study and plan after plan registration
5 years
New study, report and plan after the last plan approval
30 years
Minimum look-ahead for every study
Every AGM
Annual reserve report in the package
Process
Five steps to a plan your board can approve.
STEP 01
Collect
The plan, bylaws, last study and financials.
STEP 02
Interview & walk
We interview the board and walk the property.
STEP 03
Cost
The inventory is costed with current Alberta pricing.
STEP 04
Model
Contributions are modelled over 30 years.
STEP 05
Issue
You get the report and a draft plan ready for a board motion.
Book a reserve fund study
Tell us about the corporation.
Send the corporation number, unit count, city and the date of your last plan approval. We will tell you whether you are inside the two-year start window or the five-year review window, and what the site visit should cover.
High-rise to bare-land, 12 units or 400
Prepared by a professional engineer
Board-ready draft plan included
Across Alberta
Prefer to talk it through?
(403) 858-0374Free, no-obligation quote
Get your fixed quote
We reply within one business day with scope, timing and a written price.
Reserve fund study FAQ
Reserve fund study FAQs
Who can prepare a reserve fund study in Alberta?
Alberta requires the study and report to be prepared by a qualified reserve fund study provider. A professional engineer is on that list, and ours are prepared by a P.Eng.
How often does a condo corporation need a reserve fund study?
The first study and plan must be completed within two years of plan registration. After that, a new study, report and plan are due on or before five years from the last plan approval.
How far ahead does the study look?
At least 30 years. We inventory depreciating property, estimate remaining life and cost, and model contributions over that period.
What do we actually receive?
A reserve fund study, a signed reserve fund report, and a draft reserve fund plan your board can approve and circulate to owners, plus a file you can reuse at the five-year review.
Is a reserve fund study the same as a building condition report?
No. A building condition report documents the condition of a building for a purchase, refinance or capital plan. A reserve fund study is the statutory funding plan for a condominium corporation. We offer both.
Book your reserve fund study.
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