Reserve Fund Study · Alberta

Reserve Fund Study in Lethbridge

Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, 11 of them in southern Alberta.

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Our record near Lethbridge

800+
reserve fund studies across Alberta
11
in southern Alberta
23,000+
units under study in Alberta

Reserve Plus has worked in 40 Alberta communities since 2012, including 4 across southern Alberta. 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 Lethbridge

7 reserve fund studies (2021 to 2024), covering 241 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 Lethbridge

Lethbridge is southern Alberta's largest city, and its condominiums are mostly townhouse complexes and low-rise apartment buildings, including many near the university and college on the west side. Strong chinook winds, hail and frequent freeze-thaw are hard on roofing, siding and asphalt.

What most often shapes a plan here:

  • Roofing and siding under strong winds and hail.
  • Asphalt and concrete through repeated chinook freeze-thaw.
  • Windows and doors in older complexes approaching replacement.

Of the 7 Lethbridge properties we have studied with a recorded size, 2 had 50 to 99 units, 2 had 25 to 49 units, 2 had 11 to 24 units and 1 had 10 units or fewer.

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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 Lethbridge 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 Lethbridge property

Engineer holding up building drawings to compare them against the space on site
Drawings are checked against what is actually built. Photo: GN Group / Unsplash
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Questions from Lethbridge boards

Does Reserve Plus work in Lethbridge?

Yes. In Lethbridge, Reserve Plus has been engaged for 7 reserve fund studies (2021 to 2024), covering 241 units. Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, 11 of them in southern Alberta. 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 Lethbridge for the site visit?

Yes. Lethbridge is about 210 km south of our Calgary office, and our building envelope team does the site visit in person, often grouping southern Alberta visits together.

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Other communities we serve