Reserve Fund Study · Alberta
Condo Reserve Fund Studies in Edmonton
Reserve Plus has been engaged for more than 100 reserve fund studies in Edmonton since 2015, for condo corporations from small townhouse complexes to concrete high-rises. Our team travels from Calgary for every site review, and the first draft arrives about 30 days after your board approves the quote.
Our record near Edmonton
Reserve Plus has worked in 40 Alberta communities since 2012, including 8 across the Edmonton region. 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 Edmonton
More than 100 reserve fund studies since 2015. 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.
The Edmonton condos we study
Our Edmonton work leans toward mid-size buildings. Of the 40 Edmonton studies where the unit count is on record, 53% were for corporations of 25 to 99 units.
| Property size | Studies | Share |
|---|---|---|
| 10 units or fewer | 9 | 23% |
| 11 to 24 units | 7 | 18% |
| 25 to 49 units | 13 | 33% |
| 50 to 99 units | 8 | 20% |
| 100 units or more | 3 | 8% |
That is mostly walk-up apartment buildings and townhouse complexes, with concrete high-rises downtown and in Oliver. We work across the city, from Downtown, Oliver and Garneau to Windermere, Terwillegar, Summerside, Mill Woods and Clareview, and in Fort Saskatchewan, Sherwood Park, St. Albert, Devon and Leduc.
Buildings of that size and age carry the components that drive most Edmonton plans: roofing and siding, windows, balconies and railings, parkade membranes and, in apartment buildings, boilers and elevators. The study has to show when each one comes due and what contributions will pay for it without a special assessment.
Reserve fund planning between studies
The rules are set by the province, so they are the same in Edmonton as in Calgary. After each study the board adopts a reserve fund plan based on it, and the plan is renewed with a new study at least every five years. A new corporation has 2 years from registration to complete its first study.
Our Standard and Premium studies include myRPlanner (powered by StelorPM) for the full five-year term, so your board and property manager can record actual contributions and spending each year and see the risk of a special assessment early. See also our reserve fund analysis.
What Alberta requires
Requirements are set by the province, not the municipality, so a Edmonton 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.
What you receive
Component inventory
Every common property component, including the building envelope, interior, mechanical and life safety systems, recorded with its present condition.
Condition and remaining life
Actual and effective age, remaining life, and current and future replacement cost for each component.
30-year financial projection
The contribution levels needed to meet those costs, and the risk of a special assessment if they are not met.
myRPlanner, with Standard and Premium
Keep the plan current between studies, approve it as most jurisdictions require, and compare actual against expected each year.
Request a quote for your Edmonton property
Questions from Edmonton boards
Does Reserve Plus work in Edmonton?
Yes. Reserve Plus has been engaged for more than 100 reserve fund studies in Edmonton since 2015, and also works across the Edmonton region in Fort Saskatchewan, Sherwood Park, St. Albert, Devon, Leduc, Spruce Grove and Stony Plain.
How long does an Edmonton reserve fund study take?
The first draft arrives about 30 days after the board approves the quote: one to two weeks to book the site inspection, then two to three weeks to complete the draft. Our team travels from Calgary for the site review.
How often does an Edmonton condo corporation need a reserve fund study?
At least once every 5 years, under Alberta's Condominium Property Act. A new corporation has 2 years from registration to complete its first study.
What does a reserve fund study cost in Edmonton?
Typically about $1,500 to $10,000 or more, depending on the size and complexity of the property. See our cost guide, or use the quote form for your exact price within seconds.