Reserve Fund Studies in Newmarket

Newmarket, located in York Region, is a northern York Region town with a largely low-rise and mid-rise condominium stock. Close to Richmond Hill, Markham, Vaughan, it is roughly 35 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 Newmarket 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.

The declaration sets the scope — it defines what the corporation is responsible for, not simply what's physically on site. Studies can differ sharply between two corporations on the same block, depending on who's responsible for the building envelope.

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.