Reserve Fund Study · Alberta

Reserve Fund Study in Red Deer

Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 25 of them in central Alberta.

01

Our record near Red Deer

800+
reserve fund studies across Alberta
25+
in central Alberta
23,000+
units under study in Alberta

Reserve Plus has worked in 40 Alberta communities since 2012, including 7 across central 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 Red Deer

14 reserve fund studies (2019 to 2026), covering 563 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.

02

Condominiums in Red Deer

Red Deer’s condominiums are mostly townhouse complexes and wood-frame apartment buildings, from older complexes near downtown to newer communities on the city’s edges. Central Alberta’s freeze-thaw cycles, hail and wide temperature swings are hard on roofing, siding and asphalt.

What most often shapes a plan here:

  • Roofing and siding, including hail damage between replacements.
  • Asphalt roads, parking and concrete sidewalks through freeze-thaw.
  • Windows and doors in older complexes approaching their first full replacement.

Of the 14 Red Deer properties we have studied with a recorded size, 5 had 11 to 24 units, 4 had 50 to 99 units, 3 had 10 units or fewer, 1 had 100 units or more and 1 had 25 to 49 units.

03

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 Red Deer 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.

04

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 Red Deer property

Residential high rise towers under a blue sky
Each study is costed for the building in front of us, not a template. Photo: Leohoho / Unsplash
05

Questions from Red Deer boards

Does Reserve Plus work in Red Deer?

Yes. In Red Deer, Reserve Plus has been engaged for 14 reserve fund studies (2019 to 2026), covering 563 units. Reserve Plus has been engaged for more than 800 reserve fund studies across 40 Alberta communities since 2012, more than 25 of them in central 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 Red Deer for the site visit?

Yes. Red Deer is about 150 km north of our Calgary office, and our building envelope team does the site visit in person, often grouping central Alberta visits to keep travel costs down.

06

Other communities we serve