CanadaFrax - Shared Ownership Options in Canada

Like the United States, Canada is a huge country, but unlike the US, it occupies most of North America, extending from the Atlantic to the pacific, and northward into the Arctic Ocean. It is the world’s second largest country by total area, and shares the longest common border with the US to the south and northwest.

With the multiplicity of fractional, PRC, and destination club products in the united States, it is no wonder that Canada is a fertile ground for the shared residence idea. Though there are not as many as in the U.S., those that Canada does have are substantial, and more are growing in popularity.

At present, only two high end destination clubs have residences in Canada, but there are many high and mid-range fractionals that are paving the way.

Exclusive Resorts

Exclusive Resorts is the largest non-equity Destination Club in the world, where members pay their membership deposit, annual fees, do not own a share of the club or the residence, and just go play. Membership deposits range from $160,000 for 10 nights to $500,000 for 60 nights.

Exclusive Resorts has four options in Whistler, British Columbia. Each is a four-bedroom, 4200 sq' residence on Whistler Mountain - located near Whistler Creekside - with its own separate steam room and commanding views of the valleys and mountains.

M Private Residences

As Canada’s first and largest Equity Destination Club, M Private Residences’ members collectively own a diversified property portfolio. M Members have access to a variety of vacation residences averaging from $2-$3 million with locations all over the world. The membership fees range from $180,000 – to $360,000, from 21 to 60 nights a year, excluding annual dues.

At present, M Private Residences has lodging in the following Canadian locations:

Kelowna, BC

• 3,600 square foot home
• 4 bedrooms, 4.5 bathrooms
• 2 fireplaces
• Private outdoor BBQ area
• Private boat lift

Bear Mountain

This hilltop home overlooks the Jack and Steve Nicklaus co-designed golf course, as well as Bear Mountain views of the Pacific Ocean. The nearby Westin Bear Mountain Resort features five different dining venues, from casual to sushi and fine dining, as well as the Santé spa.

The home also has 5,000 square feet of living area

• 4 bedrooms, 4.5 bathrooms
• Large private outdoor deck and firepit
• Private outdoor hot tub
• Pool table

Victoria, B.C.

A top floor residence at The Shutters, vacation residences 10 minutes from downtown Victoria. 1,904 square feet.

Whistler

M’s Whistler home is located on the Nicklaus North Golf Course. The home is within walking distance of hiking and biking trails and is a five-minute drive from the renowned Village of Whistler ski resort. Whistler/Blackcomb is known as one of the top downhill ski destinations in North America. The residence is situated on the 16th tee box of Nicklaus North Golf Course. It is a 2,359 square foot townhome.

• 4 bedrooms
• 4.5 bathrooms
• Private hot tub
• Fireplace

Northstar Mountain Village – Kimberley, BC

Kimberley, BC is a small ski community in the south eastern corner of British Columbia just north of the U.S. Border. The City population (6,484) enjoys views overlooking the fertile and beautiful Kootenay River Valley and the Rocky Mountains to the east.

Northstar Mountain Village Resort is a community that combines whole ownership, rentals and fractional residences with ski-in/ski-out access to the Kimberley Alpine resort, with 68 runs, and 8 lifts on 1800 skiable acres. Base elevation is 4000 feet, summit is 6500 feet.

Quarter share ownership ranges from $149,000 to $159,000 for 12 weeks of use. Residences range from 1610sf to 1834 sf, all have 3 bedrooms, 3 baths,plus access to the Alpine Club, the 10,000sf the property club house with pool, hot tub, fitness facilities and extra amenities.

Whitewater Village, Ottawa, Ontario

Whitewater Village, located where the Ottawa River flows into the Rocher-Fendu lake, is a club that has showcased a variety of sustainable development ideas as it was built by one of Canada’s green developers. Featuring geothermal heating and cooling, solar hot water and electricity, the development lies northeast of Ottawa near rapids that draw whitewater rafters and kayakers from around the world.

Whitewater Village is surrounded by a 4,000-acre land trust to keep further development at bay, aims to be carbon neutral and will have a peat moss sanitation system. The exterior of the cottages, generally two-storey structures of 1,700 square feet, will be constructed of logs certified by the Forest Stewardship Council. Interior features will include bamboo floors, wool carpets, formaldehyde-free kitchen cabinets and recycled-paper countertops.

There are 38 cottages on 35 acres of treed land. It is a four season development, where the cottages will be sold on a fractional basis – 6 weeks, from prices ranging from $60,000 to $85,000.

Frontenac Shores

Frontenac Shores is the first luxury year-round fractional resort in the township of North Frontenac. Located in the heart of the Land O'Lakes region in southern Ontario. Frontenac Shores is located on Mississagagon Lake; a completely spring fed premier lake in the heart of Land O’Lakes vacation region. Frontenac Shores is less than 3 hours from Toronto and less than 2 hours from Ottawa located near the village of Cloyne Ontario,

Offering 34 residences, either 2 bedroom single story ranch style, a 3 bedroom single story ranch style or a 3 bedroom loft style, these homes range in size from 1,949 – 2,138 sq. ft. (including screened porch and sundeck) they also come complete with a fully equipped, gourmet kitchen, screened porch with private sauna, sundeck with BBQ, two baths with a thermal air massage tub in the private master ensuite, high speed internet, telephones and two LCD TV's with satellite service.

Pricing per share ranges from $60,000 - $90,000 per share. The member/owner may purchase up to seven (7) shares.

Pacific Shores Resort and Spa

Located on Nanoose Bay on the East Coast of Vancouver Island, The Pacific Shores Resort and Spa offers fractional and whole ownership fractional residence opportunities.

The fractional residences are 1200sf, two bedroom, two bath properties located within the resort space, where there are also 15 acres of botanical gardens, the Aquaterre Spa, as well as complimentary kayaks and canoes.

Prices range ¼ shares from $149,900 to $192,900 CDN. Owners have at least 6 weeks/year of usage. Each owner has a fixed prime block of 4 weeks from June to September and between October - May, a rotating 14 night block every 8 weeks. Owners also are able to swap their time, for blocks of 30-60 days in a row.
It is also possible to purchase ½ ownership blocks, or as many as needed up to whole ownership – which can be purchased also.

Parkside Victoria

On Wharf Street in downtown Victoria, BC is the Parkside Victoria Resort and Spa. Like many urban fractionals, this one is quite successful, as over 75% of the residences have been sold before completion.

Victoria, BC is located on the southern tip of Vancouver island, and is a major port as well as tourist destination, hosting over 3 and a half million visitors a year. It is a very popular capital city, due to the mild maritime climate, and the exceptional British influence that infuses the city. The Parskide Victoria include rooftop gardens, a penthouse lounge, a 25meter pool, a hot tub and fitness facilities.

The fractional ownership is structured as 1/8 and ¼ interests. 1/8 interests for 2 bedrooms, 2 bath residences range from $95,000 to $150,000CDN, the 1 bedroom, two bath residences range from $76,000 to $125,000.CDN

The ¼ shares from 1 bedroom, 1 bath range from $142,000, to 3 bedroom, 3 baths residences at $343,000CDN

On Ocean’s Edge, Labrador/Newfoundland

While fractional ownership looks to be taking off in Ontario and in British Columbia, there is also a unique fractional cliff-side sanctuary named Ocean's Edge, situated minutes from St. John's, Newfoundland.

The luxury of the development's 2,800-3,600-sq. ft., four-bedroom villas does not come cheap: a one-12th share sells for $138,000 CDN, a one-quarter share sells for $350,000. On top of that, maintenance fees for each villa run at $55,000 in total, or nearly $4,600 per one-eighth share. That has not deterred owners who range from Canadians looking for a unique vacation spot to Europeans and homesick Newfoundlanders, says Robert Hall, co-owner of Nolan Hall, developer and operator.

The On Ocean's Edge residences are located on the eastern tip of Newfoundland and Labrador, Canada. The homes feature stone-carved fireplaces, gourmet kitchens, Tempur-pedic beds, plasma TV's, walk-in closets, a master suite with private balcony and relaxing hydrotherapy tub.

The leisure spaces in the home comes equipped with state-of-the-art exercise equipment, media room, backyard and oceanview hot tub. Amenities also include a truck, SUV or car such as the Mercedes ML 320, personalized concierge service and enrollment in a vacation exchange program.

Spirit Ridge Vineyard Resort and Spa

Osoyoos, British Columbia

At the other end of the spectrum, in terms of geography and scale, is resort specialist Bellstar Hotels and Resorts. The Edmonton-based company owns or operates 10 vacation properties in Alberta and British Columbia, including two of its own B.C. properties where it is selling fractions running between $80,000 to $125,000CDN for a one-eighth share at its residences at its Spirit Ridge Vineyard Resort and Spa in the Okanagan Valley. With views of Osoyoos Lake and surrounding vineyards, the property is billed as a desert golf getaway with nearby hiking, biking and skiing opportunities.

Sonora Dunes Golf Course is part of the Spirit Ridge development . Every tee box overlooks orchards, vineyards and the desert landscapes that surround Osoyoos Lake.

BigHorn Meadows Resort

Radium Hot Springs, British Columbia

Bighorn Meadows Resort is a fractional ownership resort development, in the middle of The Springs Golf Course in Radium Hot Springs, BC. And Radium Hot Springs is very close four national parks, Banff and Mt. Assiniboine. Yoho, and Kootenay. Radium Hot Springs is indeed located within the boundaries of Kootenay National Park, which has the same mountain peaks and glaciers as Banff National Park. Visitors come for the natural hot springs, and Canada's largest hot springs pool.

Bighorn Meadows is on a 9-acre site surrounded on three sides by the Springs at Radium Golf Resort in the Village of Radium Hot Springs. The development consisting of 123 one, two and three bedroom suites, with living room walkout balconies with BBQ; fireplaces; high end designer fixtures and furnishings which include leather, tile and granite; and lock-off units. The suites range in size from 700 to 1450sf, and ¼ share ranges from $112,600 CDN , 1/8 from $59,300 and a 3week fractional title from $29,800.

BigHorn Mountain Resort

Canmore, British Columbia
The Bighorn Mountain Resort is Canmore’s only Private Residence Club. Nestled in the Bow Valley on the Front Ranges of the Canadian Rocky Mountains the resort surrounded by 2.8 million acres of protected wilderness, yet is an hour from Calgary, 5 minutes to Banff National Park. For the outdoor person, winter brings world-class downhill, heli- and Nordic skiing, snowshoeing, ice skating and even dogsledding. The remaining seasons bring hiking, mountain biking and rock climbing, as well as fishing, canoeing and kayaking in the waters of the Bow River.

The 20 fractional 2400sf residences start at $250,000CDN per 1/8 share, entitling the member/owner to six weeks per year. Additional use is booked space available. Homes include three master bedrooms, 3 ½ baths 14 foot beamed ceilings, 4 fireplaces, 2 steam showers as well as four decks and patios.

Pinnacle Ridge

Fernie, British Columbia
Fernie is nestled in the heart of the Canadian Rockies; set against the Lizard Range, and flanked by the peaks of the Three Sisters and Hosmer Mountains. Pinnacle Ridge has three home designs, with the fractional chalets ranging from 1824 – 2537 sf., with slate floors, expansive fire places, spa bathrooms, two and three bedroom suites. Pricing ranges from $200,000 per quarter share to over $520,000 for full ownership.

Touchstone on Lake Muskoka

Touchstone on Lake Muskoka is built on a 25-acre site that was once home to Tamwood Lodge and Aston Beach Resort. Wherever possible the original foundations of the old buildings have been used to minimize the impact on the surroundings.

It is also a Private Residence Club, where member/owners can choose the type of residence they want, and can choose the time they wish to stay. If the buyer plans to use the residence 13-weeks per year, then they need only purchase one quarter of their cottage or villa of choice. Thirteen weeks of ownership entitle purchasers to two fixed weeks of ownership per year in July or August, plus one fixed week every month for the balance of the year, plus one "long weekend week” every year. Families can choose lakefront cottages with direct walk-out access to a white sand beach or select a two or three bedroom villa perched atop a rocky cliff with uninterrupted lake views.

The developers – GenerX Corp. and the Rose Corp. – came up a master-planned home development of 75 homes made up of three and four-bedroom cottages and villas

The Grand Muskokan Cottages range in price from $274,000 to $339,000CDN for 13 weeks of ownership per year of a 2,132-square-foot three bedroom cottage, or 2,805-square-foot four-bedroom cottage, respectively.

Cascade two-bedroom suites, or two and three bedroom villas, range in price from $164,000 to $349,000CDN for 13 weeks of ownership per year for units ranging in size from 1,074 — 2,618 square feet.

The three-bedroom Tree Top Villas are 2,889 square feet, and are priced at $399,000 for 13 weeks of ownership. If an owner isn't using their property during their weeks, they can place it in a rental pool to gain some revenue.

Below are a multiple number of smaller cottage fractionals in various places in Ontario, Canada.

Canadian Waters Vacations - Brockville
Norwood Resorts - Collingwood
Chandler Point (Marcus Beach) - Haliburton
The Cottages at Port Stanton - Muskoka
Diamond´s Edge Muskoka - Muskoka
Lakeside at Rocky Crest - Muskoka
Inaski Shores - Kawartha Lakes
The Lodge at Pine Cove - French River

The Muskokan - Muskoka
The Cottages of Stoneridge Cove - Westport

Seasons of Muskoka - Muskoka
Touchstone On Lake Muskoka - Muskoka
Resort Tapatoo - Parry Sound

Blue Water Acres - Huntsville
Frontenac Shores - Cloyne

The Shorelines - Peacock Bay
Wolfe Springs Resort - Westport/Rideau Lakes

Woodland Echoes Resort - Magnetawan

Whitewater Village - Renfrew

Cottages at the Pointe - Peterborough
Painter's Landing - Kearney