Ontario · Ontario
Reserve Fund Studies in London
Class 1, 2 and 3 studies for London condominium corporations, sealed by a licensed Professional Engineer, with a 30-year funding plan and Form 15.
Reserve fund studies for London condominiums
What the Condominium Act requires, and what it means for a corporation here.
London, located in Ontario, is Southwestern Ontario's largest city, with condominium stock spread across the north and west. Close to Woodstock, Waterloo, Kitchener, it is roughly 210 km from our Vaughan head office. Within a year of registration, every condominium corporation here needs a reserve fund study, updated at least every three years thereafter.
Corporations in London are registered through the Middlesex land registry division, so you will see the prefix MSCC on registrations from May 2001 onward and MCC on earlier ones. That distinction is a useful shortcut: an MCC 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.
The declaration sets the scope — it defines what the corporation is responsible for, not simply what's physically on site. Responsibility for the building envelope alone can mean two nearby corporations need substantially different studies.
A licensed Professional Engineer seals every study, which includes a 30-year, three-scenario funding plan and the Notice of Future Funding (Form 15), due to owners within 15 days of the board proposing its plan.
What a London study covers
Scope follows your declaration, but these are the components that drive most local budgets.
Regions and nearby cities
London sits within Ontario. Our coverage runs across Southern Ontario, generally within about 500 km of Vaughan.
Nearby cities
Common questions
Reserve Fund Studies in London
How often does a London condominium need a reserve fund study?
Within a year of registration, every Ontario condominium corporation needs a comprehensive study, then updates at least every three years, alternating a Class 2 site-visit update with a Class 3 update that skips it.
How much does a reserve fund study cost in London?
Property size, type, the number of buildings and whether a site visit is needed all factor in. We fix the price to a defined scope up front rather than charging by the hour.
How long does a study take?
It generally runs four to eight weeks from engagement, depending on property size and document turnaround.
Do you work with commercial and industrial condominiums in London?
Yes. Use doesn't exempt a corporation from the requirement — only the scope shifts, driven by differences in the common elements.
Due for a Study in London?
Send the corporation name and address and we'll confirm the class due, then reply with a fixed quote.