Reserve Fund Studies in Burlington

Burlington, located in Greater Toronto Area, is a lakeshore city with a substantial and steadily ageing condominium stock. Close to Hamilton, Oakville, Milton, it is roughly 75 km from our Vaughan head office. Every corporation here must have a reserve fund study completed within a year of registration, then updated at least every three years.

Corporations in Burlington are registered through the Halton land registry division, so you will see the prefix HSCC on registrations from May 2001 onward and HCC on earlier ones. That distinction is a useful shortcut: an HCC number usually indicates an older building whose major components are approaching or past their first replacement, which is exactly when an accurate funding plan matters most.

What the corporation is responsible for, as set out in the declaration, is what defines scope — not just what's on the property. Even neighbouring corporations can need very different studies, depending on whether the building envelope falls to the corporation or the owners.

Each study is sealed by a licensed Professional Engineer, and comes with a 30-year funding plan across three scenarios, plus the Notice of Future Funding (Form 15) the board must send owners within 15 days of proposing its plan.