Reserve Fund Studies

Reserve Fund Studies for Ontario Condominiums

Engineer-prepared Class 1, 2 and 3 reserve fund studies with realistic 30-year funding plans — keeping your corporation compliant with the Condominium Act and your fees predictable. Serving condominium corporations across Toronto, Mississauga, Brampton, Vaughan, Richmond Hill, Markham, Oakville, Pickering, Ajax, Whitby, Oshawa and the entire GTA.

Why It Matters

More Than a Compliance Document

With GTA construction costs rising 10–15% per year on major components like windows, garages and roofs, an outdated or generic reserve fund study is the most expensive document your corporation owns. Ours are built on current local pricing — component by component.

What Every Study Includes

We physically inspect your common elements, review your corporation's records and maintenance history, and build a cost model your board can defend to owners.

  • On-site inspection of all common elements
  • Component inventory with remaining service life
  • 30-year expenditure and contribution forecast
  • Funding plan options (fully funded, threshold, baseline)
  • Benchmarking against current GTA repair pricing
  • Compliance with the Condominium Act, 1998
  • Presentation of findings to your board on request
  • Coordination with your auditor and property manager

Class 1, 2 and 3 Studies

Ontario's three-year cycle alternates study types. We handle all three, and we take over cleanly from a previous provider's study when boards want a second opinion or a change.

  • Class 1 — comprehensive study (first year, or every 9 years)
  • Class 2 — update with site inspection
  • Class 3 — update without site inspection
  • First-year studies for newly registered corporations
  • Second opinions on existing funding plans
  • Shared facilities and common element corporations

Request a Fixed-Fee Quote

Send us your building's address, unit count and last study date — we'll respond with a fixed fee within two business days. Serving all of the GTA and Ontario.

Get Your RFS Quote →

The most complete and professional reserve fund study we have had.

President of the Board
York Region Condominium Corporation No. 1400 — 900+ units, one of the largest condo communities in the GTA
FAQ

Common Questions

How often is a reserve fund study required in Ontario?

Under the Condominium Act, 1998, every Ontario condominium corporation must complete a comprehensive (Class 1) reserve fund study within the first year after registration, then update it at least every three years — alternating between updates with a site inspection (Class 2) and without (Class 3). Your board must review the study and implement a funding plan within 120 days of receiving it.

Who is qualified to perform a reserve fund study?

Ontario regulations limit reserve fund studies to designated professionals, including professional engineers. HexoTech holds a Certificate of Authorization from Professional Engineers Ontario (PEO), and every study is prepared and reviewed by licensed engineers — not technicians.

How much does a reserve fund study cost in the GTA?

Fees depend on the building's size, age, and complexity — a Class 3 update for a small corporation costs far less than a Class 1 comprehensive study for a large high-rise with extensive mechanical systems. Contact us with your building details for a fixed-fee quote within two business days.

How long does a reserve fund study take?

Typically 4–8 weeks from the site inspection to the final report, depending on building size and the condition of your corporation's records. We can present the findings to your board and owners as part of the engagement.

What happens if our reserve fund is underfunded?

An underfunded reserve leads to special assessments or borrowing — and increasingly, difficulty for owners selling units, since buyers and lenders review reserve fund status. A realistic, engineer-prepared funding plan spreads costs predictably and protects property values.

Serving the Greater Toronto Area & Ontario

Toronto • North York • Scarborough • Etobicoke • East York • Mississauga • Brampton • Vaughan • Richmond Hill • Markham • Thornhill • Aurora • Newmarket • Stouffville • King City • Oakville • Burlington • Milton • Halton Hills • Pickering • Ajax • Whitby • Oshawa • Caledon — plus Hamilton, Ottawa and communities across Ontario.

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