TORONTO — The Canadian Resort Development Association (CRDA) has launched the website luxurylakesideliving.org to promote popular fractional-ownership opportunities in Canada.
The site, aimed at serving those who buy a share in a luxury property, was created with some of Canada’s leading fractional owners and developers, the CRDA and other worldwide associations.
The website complements Canadians’ pursuit of shared ownership and fractional interest properties. “Canadians continue to embrace fractional ownership as both a means of enhancing their quality of life and as a valuable addition to their lifestyle portfolio,” explains Ross Perlmutter, CRDA president and CEO. “We expect that love affair to continue for years to come.”
The site is designed to inform potential buyers. “An educated and informed consumer is a happy consumer, and we’re very excited to be on the front edge of that journey with them,” said Permutter.
The Canadian fractionals currently featured on the site include Spirit Ridge Vineyard and Spa as well as Kokanee Springs Resort Club, both in B.C. Ontario properties include Frontenac Shores and The Muskokan.
There are currently 24 sales projects active in Canada. In 2010, Canadian shared ownership sales reached approximately $7 million.