When a condominium corporation in Alberta faces a major capital expense—like a roof replacement, parkade membrane repair, or building envelope restoration—the board usually ends up weighing two primary funding mechanisms: a special assessment (immediate lump-sum payments from owners) or a condo corporation loan (debt serviced through temporary fee increases). But there’s a third lever that often determines whether either option is necessary in the first place: the reserve f

A reserve fund study is a comprehensive engineering and financial assessment that evaluates the condition of a condominium's common property components, estimates their remaining useful life, and calculates the funding required to repair or replace them over a 25-30 year period. The reserve fund study cost in Alberta typically ranges from $2,500 to $8,000+ depending on property size, complexity, age, and the scope of inspection required. Understanding these cost factors he

Planning for the future of a condominium community can be challenging. Unexpected repairs or upgrades can strain budgets and cause stress for homeowners and condo boards alike. This is where a Reserve Fund Study becomes essential. It helps predict future expenses and avoid sudden financial burdens like special assessments. For Alberta condos, understanding how reserve fund studies work and how to manage special assessments can make a significant difference in maintaining pro

When investing in real estate, whether residential or commercial, one crucial aspect often overlooked is the financial planning for future repairs and replacements. This is where the reserve fund study comes into play. A well-maintained reserve fund ensures that property owners and investors are prepared for unexpected expenses, protecting their investment and maintaining property value over time. Why the Reserve Fund Importance Cannot Be Ignored A reserve fund acts as a fin