Reserve funds, special assessments, insurance deductibles, water damage history, and EV readiness across condo buildings in Alberta State - extracted from real condominium documents.
Reserve Fund Balance
The typical Alberta building holds $6,518 per unit.
BUILT Pre-1980
$5,921 per unit
BUILT 1980–1999
$7,354 per unit
BUILT 2000–2015
$7,157 per unit
BUILT 2016+
$3,022 per unit
A lower reserve can reflect recent major work, not poor management.
Special Assessments
One-time charges for major repairs or projects.
Had a special assessment in ~2 years
15%
Based on 40+ samples.
What each unit typically pays
$2,500 per special assessment
Range: $1,584 - $6,667
How often assessments are approved
100%
An assessment can mean the building is fixing a problem, not ignoring one.
Typical water deductible
$50,000
Most common claim type.
Based on 160+ samples.
Typical flood or sewer deductible
$50,000
A separate line item from water.
Based on 155+ samples.
Typical minimum earthquake deductible
$100,000
Plus ~5% of insured value.
Based on 155+ samples.
Water incidents per year
1.8per year
Average incidents in a condo building.
Based on 75+ samples.
Water incidents per 100 units
1.6per 100 units each year
Normalized for building size.
Based on 65+ samples.
Typical repair cost
$7,202per incident
Average repair cost per incident.
Based on 115+ samples.
Water incident rate by building age
Rates vary by building age.
BUILT Pre-1980
1.6
incidents per year
BUILT 1980–1999
2.6
incidents per year
BUILT 2000–2015
1.8
incidents per year
BUILT 2016+
0.7
incidents per year
Repeated patterns matter more than a single event.
How widely water events spread
Scope changes both disruption and insurance exposure.
455+ samples with a stated answer.
Buildings that restrict short-term rentals
47%
Where a clear bylaw exists.
105+ samples with a stated rule.
Buildings that ban both cats and dogs
12%
Buildings that prohibit both cats and dogs.
95+ samples with a stated rule.
Buildings that allow gas or propane BBQs
77%
Where a gas or propane barbecue is permitted.
100+ samples with a stated rule.
Elevators per 100 units
1.6
More elevators usually means less waiting and better service.
Based on 75+ samples.
Some EV readiness in place
20%
Planning stage
4%
No evidence of EV plans
76%
Compare the building's reserve fund per unit from the status certificate against the Alberta median of $6,518 shown on this page. The reserve fund study will show whether the fund is on track for planned expenses.
The median reserve fund balance in Alberta is $6,518 per unit, based on 150+ samples.
The median water damage deductible in Alberta is $50,000, based on 160+ samples. Deductibles vary by building age, claims history, and insurer.
Water incident frequency ranges from 0.7 per year in 2016+ buildings to 2.6 per year in 1980–1999 buildings within this dataset.
Approximately 47% of sampled condo buildings in Alberta have a stated restriction on short-term rentals.
The most commonly reported amenities in Alberta are Bike Storage (found in 19% of buildings) and Party / Amenity room (15%). Gym / Fitness Room appears in 13% of sampled buildings.
The statistics above are a starting point. Every condo building has its own document package - hundreds of pages covering finances, insurance, bylaws, and building condition. It’s the only way to truly understand what you’re buying into.
Once you have the documents, start here
Bylaws & rules
Pet policies, rental restrictions, and daily obligations - these rules decide how you actually live in the building.
Insurance certificate
Deductibles, coverage limits, and what you're personally on the hook for if something goes wrong.
Reserve Fund Study
The funding plan, how much life is left in major components, and when big-ticket repairs are coming.
Recent council minutes
Unresolved disputes, upcoming projects, and how decisions actually get made.
Already have the document package?
Skip the 300‑page read.
We pull out the key risks, costs, and rules so you don’t have to.
See a sample reportBased on 175+ samples in Alberta. Always review the building's own documents.
Data last updated: July 1, 2026
Age of buildings in this dataset
Where this market sits by building age.
Building types in this dataset
Towers, townhouses, mixed-use, and more.
Dive deeper or compare condo statistics across related areas.
