For Saskatchewan Property Managers and Condo Boards
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Saskatchewan Reserve Fund Study Requirements
Saskatchewan's Condominium Property Act, 1993 (S.S. 1993, c. C-26.1) and The Condominium Property Regulations, 2001 govern reserve fund obligations for condominium corporations in the province. Section 58.1 of the Act requires every corporation of 12 or more units to commission a reserve fund study and update it at least every five years.
“The corporation shall determine the amount required for the reserve fund by taking into account (a) the anticipated repair and replacement requirements of the common property, common facilities and services units, and (b) the most recent reserve fund study and report, if any.”
The qualified person who conducts the study must hold liability insurance of at least $1,000,000 and meet specific professional credentials set out in the Regulations. The study must cover a 30-year planning horizon, include a complete on-site assessment of all major common components, and provide funding scenarios sufficient to meet projected repair and replacement obligations.
What Boards Should Know
New condominium corporations must complete their first reserve fund study within three years of their first annual general meeting. For corporations created as conversions of existing apartment buildings, the study must be completed before the sale of any unit. Corporations are exempt from the study requirement only if all units are owned by a single owner and rented to tenants who do not intend to purchase.
Annual Reporting
Section 58.2 of the Act requires the board to provide an annual report on the reserve fund to all owners. The report must address whether the fund is being maintained at the level recommended by the most recent study and identify any anticipated funding shortfalls. Underfunding does not trigger automatic enforcement, but it must be disclosed in the estoppel certificate at unit sale — exposing the gap to prospective buyers and their lenders.
What Does the Saskatchewan Condominium Property Act Require Reserve Fund Studies to Cover?
Roofing & Building Envelope
Roof membranes, cladding, exterior insulation, windows, doors, balconies, and exterior waterproofing systems
Mechanical Systems
HVAC, boilers, domestic hot water systems, plumbing, fire suppression, ventilation, and building automation
Electrical & Life Safety
Main electrical systems, emergency generators, fire alarm systems, security infrastructure, and intercom
Structural & Parking
Parkade structures, garage doors, ramps, elevators, lobby and corridor flooring, and load-bearing components
Common Amenities
Pools, fitness centres, party rooms, guest suites, theatre rooms, and other shared recreational facilities
Site & Landscaping
Paving, driveways, walkways, retaining walls, fencing, site lighting, signage, and irrigation systems
Under Section 51 of the Condominium Property Regulations, the corporation must determine the amount required for the reserve fund by considering the anticipated repair and replacement requirements of common property and the most recent Reserve Fund Study.
The Five-Year Study Cycle
Saskatchewan requires a Reserve Fund Study every five years for corporations of 12 or more units, with a minimum 30-year planning horizon. The qualified person preparing the study must hold $1M in liability insurance.
Key Obligations & Compliance Details
$1M Liability Insurance
Section 51.1 of the Regulations requires the qualified person preparing the study to hold liability insurance of at least $1,000,000 — one of the most rigorous insurance requirements in Canada.
30-Year Projection
Studies must provide funding scenarios over a minimum 30-year planning horizon, including current anticipated repair and replacement costs and an opinion on the adequacy of current funding.
12-Unit Threshold
Corporations with 12 or more units must commission a formal study. Smaller corporations must still maintain a reserve fund but are exempt from the formal study requirement.
Annual Report Required
Section 58.2 requires the Board to issue an annual reserve fund report to owners, addressing fund adequacy and any anticipated funding shortfalls relative to the most recent study.
What Saskatchewan Boards Should Document
Saskatchewan does not have a dedicated condominium enforcement body, but underfunding has serious consequences. The reserve fund balance and study findings must be disclosed in the estoppel certificate at sale, exposing gaps to buyers and lenders.
- 1Current Reserve Fund Study (every 5 years) prepared by a qualified person with $1M liability insurance
- 2Annual reserve fund report issued to all owners under Section 58.2
- 3Estoppel certificate disclosing actual reserve balance and study recommendations
- 4Documentation of any special assessments and funding shortfalls relative to the study
Corporations consisting entirely of rental units owned by a single owner are exempt from the study requirement, provided no units are intended for sale.
Who Can Perform a Reserve Fund Study in Saskatchewan?
Section 51.1(d) of the Regulations defines ‘qualified person.’ The provider must hold $1,000,000 in liability insurance and be independent of the corporation. Developers preparing studies for their own projects must use independent third-party providers.
Professional Engineers
Licensed P.Eng. under The Engineering and Geosciences Professions Act, registered with APEGS
apegs.ca ↗Registered Architects
Architects holding a certificate of practice within the meaning of The Architects Act, 1996
saskarchitects.com ↗Saskatchewan Applied Science Technologists
Licensed AScT under The Saskatchewan Applied Science Technologists and Technicians Act
sasktechnology.com ↗Accredited Appraisers (AACI)
Members of the Appraisal Institute of Canada holding the AACI designation
aicanada.ca ↗Certified Reserve Planners
Members of the Real Estate Institute of Canada holding the Certified Reserve Planner designation
reic.ca ↗$1M Insurance Required
All qualified persons must hold a minimum $1,000,000 in liability insurance under Section 51.1 of the Regulations — verify this before engagement.
What Happens After We Complete Your Reserve Study?
You receive a formal PDF report, and Stelor goes a step further. We transform that PDF into a live, dynamic planning platform, so your board, property manager, and reserve specialist always work from the same current data.
Dynamic Reserve Modeling
Adjust assumptions, inflation rates, and timelines in real time. See the funding impact instantly.
Property Management Integration
Stelor connects with leading property management platforms so your reserve data stays in sync automatically.
Board & Manager Portal
Shared workspace for your board and property manager: reports, approvals, and a complete audit trail.
Study Renewal Tracking
Stelor tracks your Class 2/3 cycle and alerts you automatically when your next update is approaching.