OwnCanmore
Fractional Ownership of Luxury Properties
Ownership
Fractional ownership is the sharing of valuable real estate usually in the form of vacation resort properties. With the rising costs of popular vacation destinations, fractional or co-ownership is becoming more and more an integral part of the vacation industry. This form of co-ownership means that the capital outlay will be far less than if you were to purchase a second home. It also means that your annual operating costs are now a fraction of the total cost as they are shared among the fractional co-owners.
Not to be confused with traditional "Timeshare", fractional ownership offers so much more with the biggest differences being that co-ownership is sold with deed and title of a particular unit. A unique feature of our model is a predetermined exit strategy that allows for a return on investment upon resale at the end of the ownership period. Although there is a management company appointed to operate the resort, an owners association is in place to make decisions as voted upon and on behalf of all the owners.
What is Fractional Ownership?
With your purchase, the program grants you access to the time periods with the highest demand, and a predetermined use right schedule equally distributes all prime and shoulder season weeks over the span of an established annual rotation calendar.
While we would never discourage anyone from purchasing a whole ownership suite, many of our investors today have discovered that shared ownership of real estate combines smart asset allocation with the security of deeded ownership.
Our fractional co-ownership interests are available for as little as $24,900 CAD.
How does the program work?
Own A Vacation Home – Relax and unwind in your fully furnished 2 bedroom vacation suite nestled in the beautiful Rocky Mountains.
Exchange Your Vacation Home – Change your home resort for similar accommodation at other quality resorts around the globe. Enjoy luxury resort brands such as Marriott, Westin, Sheraton, Four Seasons and many other fine resorts worldwide.
Rent Your Vacation Home – If you find yourself unable to use your time at any point you can rent your property for a return to help cover any ongoing costs of ownership.
Share Your Vacation Home – Give your friends and family the gift of visiting the Bow Valley's newest and most luxurious resort properties.
What are the benefits of Fractional Ownership?
"If you've ever dreamed of owning a vacation home but couldn't stomach the costs, fractional ownership may be the answer for you!"
How are RRSP/LIRA funds used?
Although you cannot fund your own purchase through your RRSP portfolio, it is an eligible investment strategy to offer financing to another party. It is this strategy that allows us to offer interest only financing for your purchase. This is achieved through a Self Directed Arm's Length Mortgage and forms part of the investor's RRSP Portfolio. To offset the interest you will pay we offer you the opportunity to create a similar investment to finance another fractional owner's purchase. The mortgages have a finite term and will be paid out upon the execution of our predetermined exit strategy.
What is the Exit Strategy?
Individual fractional ownership interests may be resold by the owners, however we have gone one step further by implementing a coordinated resale strategy for select units. This option coincides with the RRSP/LIRA financing model, such that the units may be sold upon the maturity of the Self-Directed Arm's Length Mortgages - subject to a majority vote on the part of the owners.
