Province of Ontario

Reserve Fund Studies in Ontario

Every condominium corporation registered in Ontario must complete a reserve fund study within one year of registration and update it at least every three years.

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Ontario, Ontario. View larger map

38service areas across the province

Class 1 · 2 · 3all three classes prepared in house

P.Eng sealedevery report, by the engineer responsible for it

Every 3 yearsthe maximum interval between updates

What the study involves

The requirement is the same across Ontario; the scope depends on the property.

Every condominium corporation must complete a comprehensive reserve fund study within one year of registration, then update it at least every three years — alternating between a Class 2 update with a site visit and a Class 3 update without one.

Prefixes vary by land registry division across the province — TSCC in Toronto, PSCC in Peel, YRSCC in York, DSCC in Durham, OCSCC in Ottawa and so on. The prefix tells you both where a corporation was registered and, from the presence or absence of the word "Standard", roughly when.

The study inventories the major components, assesses their condition, estimates remaining service life and replacement cost, then models the fund year by year over 30 years against three funding scenarios.

It ends with a sealed report and the Notice of Future Funding (Form 15) that the board must send owners and the auditor.

Components we assess

Scope follows your declaration — what the corporation is responsible for, not what happens to sit on the property.

Building envelopeCladding, sealants, windows and doors where the corporation is responsible for them.

RoofingShingle roofing across the townhouse blocks, typically the biggest line item on the property.

Site worksRoads, asphalt, curbs and lighting across the site — frequently the majority of the report on low-rise property.

ParkingWhether surface parking or a structure, this carries its own distinct maintenance timeline.

Mechanical & electricalShared heating, ventilation, water service and distribution equipment.

Interior common areasShared interior spaces — corridors, lobbies, stairwells — where wear shows up well before it's structural.

Other service areas

We work throughout Southern Ontario and eastern Ontario, from our Vaughan and Ottawa offices.

Common questions

Reserve Fund Studies in Ontario

Which cities does your Ontario service cover?

We work throughout Southern Ontario from our Vaughan and Ottawa offices, generally within 500 km of the Greater Toronto Area.

How often must a reserve fund study be updated?

At least every three years, alternating between a Class 2 update with a site visit and a Class 3 update without one. The first comprehensive Class 1 study is due within a year of registration.

Who is qualified to prepare the study?

A qualified person as defined in the regulation, most commonly a licensed Professional Engineer or an architect. Every study we prepare is sealed by a licensed Professional Engineer.

Due for a Study in Ontario?

Tell us the corporation name and the property address, and we'll confirm which class is due, then follow up with a fixed quote.

Request a Quote or call 1-888-607-6556