Reserve Fund Studies in Markham

Markham, located in York Region, is a city where high-rise development along Highway 7 sits alongside large townhouse communities. Close to Richmond Hill, Thornhill, Vaughan, it is roughly 10 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 Markham are registered through the York land registry division, so you will see the prefix YRSCC on registrations from May 2001 onward and YCC on earlier ones. That distinction is a useful shortcut: an YCC 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.

Every study carries a licensed Professional Engineer's seal, a 30-year funding plan with three scenarios, and the Notice of Future Funding (Form 15) — sent to owners within 15 days of the board proposing its plan.