Reserve Fund Study · Alberta

Reserve Fund Study in Okotoks

Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 500 of them in the Calgary region.

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Our record near Okotoks

800+
reserve fund studies across Alberta
500+
in the Calgary region
23,000+
units under study in Alberta

Reserve Plus has worked in 40 Alberta communities since 2012, including 13 across the Calgary 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 Okotoks

8 reserve fund studies (2017 to 2025), covering 174 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 Okotoks

Okotoks’ condominiums are mostly townhouse complexes and low-rise apartment buildings, with some bare-land communities on the town’s edges. Like the rest of the Calgary region, the area sees hail and chinook freeze-thaw, which shape when roofs, siding and asphalt come due.

What most often shapes a plan here:

  • Roofing and siding, including hail damage.
  • Asphalt and concrete through repeated freeze-thaw.
  • Bare-land common property: roads, drainage and landscaping.

Of the 7 Okotoks properties we have studied with a recorded size, 4 had 25 to 49 units and 3 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 Okotoks 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 Okotoks 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 Okotoks boards

Does Reserve Plus work in Okotoks?

Yes. In Okotoks, Reserve Plus has been engaged for 8 reserve fund studies (2017 to 2025), covering 174 units. Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 500 of them in the Calgary region. 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 Okotoks for the site visit?

Yes. Okotoks is about 40 km south of our Calgary office, and our building envelope team does the site visit in person.

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Other communities we serve