Knowing the timing and cost of the future repairs and replacements of the various building components, referenced to funding contributions is a key responsibility for Condominium, Non-Profit and Public Housing Property Managers, Administrators and Boards of Directors. One of the most important resources in this regard is a comprehensive Reserve Fund Study.

With Condominium Corporations, Bill 38 (the Condominium Act) Reserve Fund Studies are mandatory, and subsequently updated on a regular basis. With respect to the Non-Profit/Public Housing sector, devolution has made the need for a detailed evaluation of building component condition and replacement cost critical to the assessment of possible funding scenarios. Based upon our restoration experience with multi-unit residential projects, our reports present a clear understanding as to the type of component replacement projects that are to be expected and their budget costing.