Reserve Fund Study · Alberta

Reserve Fund Study in Sylvan Lake

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.

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Our record near Sylvan Lake

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 Sylvan Lake

3 reserve fund studies (2021 to 2024), covering 262 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 Sylvan Lake

Sylvan Lake's condominiums include lakeside and resort-style developments as well as townhouse complexes in town, and some units are used seasonally. Lake exposure, freeze-thaw and hail shape the plan, and units left empty for part of the year can hide problems.

What most often shapes a plan here:

  • Roofs, siding and decks exposed to lake weather and hail.
  • Asphalt, concrete and landscaping through freeze-thaw.
  • Plumbing and heating in seasonally used units.
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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 Sylvan Lake 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 Sylvan Lake 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 Sylvan Lake boards

Does Reserve Plus work in Sylvan Lake?

Yes. In Sylvan Lake, Reserve Plus has been engaged for 3 reserve fund studies (2021 to 2024), covering 262 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 Sylvan Lake for the site visit?

Yes. Sylvan Lake is about 25 km west of Red Deer and roughly 160 km north of our Calgary office, and our building envelope team does the site visit in person.

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Other communities we serve