Canadian resort property is most commonly sold as timeshares. Vacationers find that absolutely perfect place that want to come back to again and again, but often find that the resort is booked. With timesharing, that will never happen. A purchaser buys a week or weeks for the same unit and time each year for a set price. Most timeshares will even deed the week that you purchase, so it is officially yours as much as your primary home might be.

What Is Canadian Resort Property Like?

Canadian Resort Property can be as simple as a guest room at a hotel, or as elaborate as a condo in a 5-Star ski resort. An example of the latter is a large resort hotel in Whistler British Columbia that has top-floor condos available for purchase at about $500,000. Conversely, a two or three bedroom timeshare condo with a fully equipped kitchen and a couple of baths will cost about $10,000 from perhaps the same or similar resort. You can even find prices as low as a thousand or two if you look online at one of the auction sites.

While you own Canadian resort property through a timesharing arrangement, it isn't a one-time-only cost. You will have annual maintenance fees and taxes to pay for your week. Most maintenance fees for timeshares at a Canadian Resort property will fall between $250 and $500 depending on the resort and the size of your unit. This fee covers cleaning and replenishment of linens, utensils, furniture, and etc. While it may seem high at first look, consider what you would pay if you merely stayed at the resort and occupied a simple guestroom. Most timeshare owners find that their initial investment, when spread out over the many years that they and their heirs will make use of the vacation, becomes almost cheap by comparison to simply booking a room every year - even with the maintenance cost added.

For the person that wants more than a week or two out of their Canadian resort property, there's quarter sharing. This concept is similar to timesharing, but offers the owner a few months use of their investment instead of weeks. The four owners of the Canadian resort property share costs of upkeep equally, so these costs are obviously higher than a timeshare owner would pay. But are they really? When there are only four owners of a Canadian resort property, they take better care of their investment. Replacement of furniture and other items doesn't need to happen as often. Timesharing and quarter sharing a Canadian resort property can be an interesting concept that you should explore when you speak to a realtor.