Ontario · Condominium Act, 1998

Qualified Provider of Reserve Fund Studies

We prepare reserve fund studies for condominium corporations, property managers and owners across Ontario — Class 1, 2 and 3, each sealed by a licensed Professional Engineer and compliant with the Condominium Act, 1998.

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

P.Eng sealedby the engineer accountable for the report

43 areasacross Ontario, each with its own page

Fixed pricequoted for a defined scope

What you get from us

The regulation sets a floor. These are the things that decide whether the study is actually useful to the board that commissioned it.

Sealed by a Professional EngineerEvery study is conducted and reviewed by licensed Professional Engineers, and sealed by the engineer accountable for it. The regulation requires a qualified person; we go further and put the name on the report.

On-site assessment, not desk workFor Class 1 and Class 2 studies we attend the property, inspect the common elements and judge conditions first-hand — the part that separates a real assessment from a spreadsheet exercise.

Financial projections a board can useComponent inventories, remaining service lives and replacement costs are modelled across 30 years, with the three funding scenarios the board needs in order to decide rather than simply be informed.

Compliant with the Condominium ActClass 1, 2 and 3 studies prepared to the requirements of the Condominium Act, 1998 and O. Reg. 48/01, each ending in the Notice of Future Funding the board must issue.

A fixed price, quoted in advanceWe quote a price for a defined scope before the work begins, so the corporation knows the cost at the point of engaging us rather than at the point of invoicing.

Ontario-wide, from two officesVaughan for the GTA and Southern Ontario, Ottawa for the east — generally within 500 km of the GTA, so attending your property is routine rather than an added expense.

How we work with corporations and managers

Most engagements come through a property manager acting for the corporation, and run to the AGM calendar.

We begin with the corporation's documents — the declaration, the previous study, audited statements and maintenance records — because the declaration decides what the study must cover. What the corporation is responsible for, not what happens to sit on the property, sets the scope.

For a Class 1 or Class 2 study, an engineer then attends the property and inspects the common elements: roofs, envelope, parking structures, mechanical and electrical plant, interior common areas and site works. Conditions are judged in person, and immediate concerns are flagged before the report is written.

Component quantities, remaining service lives and replacement costs are then modelled across 30 years against the fund's balance and contributions, producing the three funding scenarios the Act expects the board to be able to compare.

A draft goes to the board for review, then the final sealed study and the Notice of Future Funding. Support does not end at delivery — as regulations and building conditions change, we advise on what it means for the plan already in place.

Related Insights

Worth knowing what has changed in the rules your provider works to. Our Insights timeline records the regulatory and standards changes affecting this work, in order.

1 November 2017 The 2017 Condominium Act Reforms and What They Changed for Reserve Funds The CAO and CMRAO created, and Form 15 replaced by the Notice of Future Funding. Read the article →

Where we work

Throughout Ontario, generally within 500 km of the Greater Toronto Area, with eastern Ontario served from our Ottawa office.

RegionGreater Toronto AreaToronto, Peel, York, Durham and Halton Eastern OntarioOttawaServed from our Preston Street office ProvinceOntarioEvery service area, with a page for each

Common questions

Choosing a Reserve Fund Study Provider

What makes a reserve fund study provider qualified in Ontario?

The regulation requires the study to be performed by a qualified person — most commonly a licensed Professional Engineer or an architect, with the expertise to assess building components and estimate replacement costs. Our studies are sealed by a licensed Professional Engineer.

Do you work with property managers as well as boards?

Yes. Most engagements come through property managers acting for the corporation, and we work to the manager's reporting cycle and AGM dates.

Can you take over from a previous provider?

Yes. We review the existing study and its component inventory, then carry out the class of update that is due. A change of provider does not restart the cycle.

How far in advance should we engage you?

Allow four to eight weeks for the study itself, plus the 120 days the board has to propose a funding plan and the 15 days to issue the notice. Working back from your AGM is usually the simplest way to plan it.

Do you serve corporations outside the GTA?

Yes — throughout Ontario, generally within 500 km of the Greater Toronto Area, with eastern Ontario served from our Ottawa office.

Looking for a Provider?

Send us the corporation name and the date of your last study — we'll confirm which class is due and reply with a fixed quote, usually within one business day.

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