Fractional Ownership | TimeShare Cape Breton

Fractional Ownership

It's simple really. A fully-furnished, (fully deeded) beautifully decorated condominium could be yours during scheduled rotating time periods each year. Imagine hassle-free, low shared costs, with all the priviliges of full ownership. Plus, we have unique financing options ready for you with a low-cost unsecured line of credit with Bank of Montreal. This means NO mortgage. Payout at any time. And interest only payments on a monthly basis. Yes, really!.

The facts about fractional ownership:

Q. What is fractional ownership?

Fractional Ownership, or Shared Ownership, in real estate is a rapidly growing alternative to Whole Ownership designed so that each owner is deeded a specific interest (fraction) of a specific residence.
Fractional ownership is a deeded property with the same rights as any other real estate purchase. Each co-owner owns a percentage of the property.
It works well for people that want a vacation home or real estate investment, but do not want to pay the full price on a second home that they will only use for a few weeks a year.

Q. How is fractional ownership different than timeshare ownership?

The difference between most timeshares and most fractional ownerships is the extent of ownership and control given the users of the property. Traditional timeshares - typically the users of the property do not actually own or control it.

Q. Will fractional owners always stay in the same residence?

Yes, a fraction gives an individual ownership interest of a specific property and a deed is filed.

Q. Is fractional ownership for me?

Fractional ownership provides a solution by allowing the purchaser to pay only a fraction of the costs and ongoing expenses of a second home, and share the unforeseen maintenance issues and economic changes with others.
A fractional purchaser has a Lower Purchase Price, Lower Operating Costs, and a Lower need for Rental Tenants than whole ownership.

p>Q. How are the operating costs split between the owners?

Running costs are shared equally between the owners and is billed monthly. This reduces the financial burden of owning an expensive property on your own.

Q. How do fractional owners reserve the use of their residence?

Reservations are not required for Fractional Ownership. It is a deeded residence. A schedule of occupancy is set amongst all of the property owners in advance.

Q. Can we loan our share to friends or family?

Yes. If you are unable to use your weeks, you can let your family or friends enjoy it or rent it to members of the general public on your own.

Q. Can I sell my fraction?

Yes.

Q. Is buying more than one share allowed?

Absolutely.

For more information, please contact Glen MacDonald at 1-877-295-1045 or This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Worldwide Property Exchange

The Cape Breton Lifestyles ownership cake comes with extra icing. Our association with Interval International offers exchange privileges that allow members to vacation at a different resort from their home property, or at a time period for a small fee. (May - October) Today, Interval has an exchange network of more than 2500 resorts in over 75 countries and have been servicing more than 2 million member families. Sweet!

"Interval International" Vacation Property Exchange

Interval International are pioneers and innovators in serving the vacation ownership market for 33 years. They are the leading global provider of property exchange membership and leisure services to the vacation industry.

Has a network of 2500 resorts in more than 75 countries with about 2 million member families.
All members must meet Intervals criteria for quality
Cape Breton Lifestyles have built to II standards
Minimal membership and exchange fees
On line Interval International resort search. Make your vacation plans on-line.
Interval International charges a nominal fee for every transaction made through them. Interval International has member resorts on every continent except Antarctica.
Interval is best known for its affiliations with Marriott Vacation Club International, Four Seasons Residence Club, Starwood Vacation Club, and Westgate Resorts.

Voluntary Rental Program

Enhanced Benefit of purchase to supplement your lifestyle when your not there.

Earn money while you're not there. This voluntary program allows the owner to earn revenue from unused weekly inventory in partnership with Cape Breton Resorts. This is a revenue split agreement in favour of the home owner. You'll also get benefits of Cape Breton Resorts Marketing, Reservations and Housekeeping.

Managed by Cape Breton Resorts
Weekly Rentals - inventory is provided by owner
80/20 revenue split in favor of owner
Housekeeping Service is provided at a nominal fee
Benefits of CBR marketing and or one can rent on your own
Value Season Avg. $1800 wkly-Peak Season Avg $2800 3 bedroom (Kildare Landing)
Value Season Avg. $1350 wkly-Peak Season Avg $2100 2 bedroom (Ingonish by the Sea)
Units include Golf for( Two ) during your stay. Carts extra. (Kildare Landing)

Flexible Financing

"Fractional Financing with the Bank of Montreal"

BMO has designed a 100% unsecured financing arrangement exclusively for Cape Breton Lifestyles Fractional ownership with guaranteed terms and aggressive rates.

Customer Benefits with a "Personal Line of Credit"

Financing plan extends the ability to prepay or pay in full your line of credit at any time without prepayment interest penalty.
You will have the option to chose to make low interest only monthly payments.
BMO will provide a variable interest rate at an increment to the BMO prime rate. ( Low cost financing!)
BMO will communicate via a detailed monthly statement outlying payment requirements and balance details.

Contact:
Gary Cooper
BMO Bank of Montreal
Manager Investment Lending
902-421-3487
902-456-1056 cell number
902-421-3747 fax number
1-877-741-8139 Toll free fax number