Reserve Fund Study · Alberta

Reserve Fund Study in Canmore

Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 75 of them in the Bow Valley.

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Our record near Canmore

800+
reserve fund studies across Alberta
75+
in the Bow Valley
23,000+
units under study in Alberta

Reserve Plus has worked in 40 Alberta communities since 2012, including 5 across the Bow Valley. These are engagements, meaning corporations that appointed us, not enquiries. Across Alberta we study everything from small bare-land and townhouse corporations to properties of more than 500 units. Of those, more than 55 have 100 units or more.

In Canmore

68 reserve fund studies (2020 to 2026), covering 1,484 units. Every report is authored by a qualified professional and delivered as a first draft in 30 days or less, with myRPlanner (powered by StelorPM) included in Standard and Premium studies.

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Condominiums in Canmore

Canmore’s condominiums range from townhouse complexes on the valley floor to resort and mixed-use buildings near the town centre, and many units are second homes or short-term rentals. Mountain weather drives the plan here: heavy snow, frequent freeze-thaw and strong sun at elevation are hard on roofs, decks, exterior wood and sealants, and trades and materials often have to travel in from Calgary.

What most often shapes a plan here:

  • Roofing, snow and ice management, and the drainage that carries meltwater away from the building.
  • Exterior wood: decks, stairs, railings and cladding that weather faster in the mountains.
  • Interiors and common areas that see heavier use where units are rented short term.

Of the 52 Canmore properties we have studied with a recorded size, 18 had 25 to 49 units, 16 had 11 to 24 units, 11 had 10 units or fewer, 5 had 50 to 99 units and 2 had 100 units or more.

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What Alberta requires

In Alberta, a reserve fund study is required every 5 years under the Condominium Property Act, R.S.A. 2000, c. C-22. Every condominium corporation must establish a capital replacement reserve fund and commission a reserve fund study at least once every 5 years. New corporations have 2 years from registration to complete their first study.

Requirements are set by the province, not the municipality, so a Canmore corporation is governed by the same rules as the rest of Alberta. The full requirements, including who is eligible to author the report, are on our Alberta page.

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What you receive

A component inventory with condition and remaining life, replacement costs, a 30-year funding projection, and myRPlanner with Standard and Premium studies. What a reserve fund study includes.

Request a quote for your Canmore property

Looking up at a multi storey residential building with stacked balconies
Balconies, railings and the envelope are recorded on every site visit. Photo: Dean Zhang / Unsplash
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Questions from Canmore boards

Does Reserve Plus work in Canmore?

Yes. In Canmore, Reserve Plus has been engaged for 68 reserve fund studies (2020 to 2026), covering 1,484 units. Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 75 of them in the Bow Valley. Across Alberta we study everything from small bare-land and townhouse corporations to properties of more than 500 units. Of those, more than 55 have 100 units or more.

Does Reserve Plus come to Canmore for the site visit?

Yes. Canmore is about 105 km west of our Calgary office, and our building envelope team does the site visit in person. In winter we plan around snow cover, since roofs and decks are easier to assess when they are clear.

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Other communities we serve