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A reserve fund assessment is not simply a walk-through followed by a list of aging building components. We need to understand what condition those components are actually in, how they have performed over time, how much useful life may remain, and what the required work is likely to cost when the time comes. As a quantity surveyor in Calgary, we look at the property from both a physical and financial perspective. That matters because a roof, mechanical system, exterior assembl

A building rarely falls apart all at once. The warning signs usually arrive quietly. A leaking roof gets patched instead of replaced. Parking surfaces begin cracking faster every winter. Elevators start needing repairs more often than anyone expected. Then one day, the numbers stop making sense, and the property owners are left dealing with major costs they never properly planned for. The Condominium Act (in Alberta & BC) states that all condominiums must have a reserve fund

The creation of a properly organized reserve fund in Calgary, Canada, is crucial as it provides long-term viability and value to a property. But in determining the appropriate reserve fund requirement, many builders are confused. In this guide, we deconstruct the process of determining the reserve fund requirement correctly and how specialised companies such as Quantity Surveying Services International assist Condominium Corporations in being precise and confident in financ