Peel Region · Ontario
Reserve Fund Studies in Peel Region
Peel Region covers Mississauga, Brampton and Caledon, immediately west of Toronto. Its condominium stock ranges from City Centre towers to large townhouse communities.
Cities we serve in Peel Region
Each city has its own page, with local detail and the corporation prefixes you will see there.
What the study involves
The requirement is the same across Peel Region; 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.
Corporations across Peel Region are registered through the Peel land registry division. Registrations from May 2001 onward carry the prefix PSCC; earlier ones carry PCC, which usually signals an older building with components at or past their first replacement.
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.
Other service areas
We work throughout Southern Ontario and eastern Ontario, from our Vaughan and Ottawa offices.
Common questions
Reserve Fund Studies in Peel Region
Which cities does your Peel Region service cover?
We cover Mississauga, Brampton, and the surrounding municipalities.
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 Peel Region?
Send the corporation name and address and we'll confirm the class due, then reply with a fixed quote.