Canadians Show Strong Interest in Owning Recreational Real Estate, says Harris/Decima Study

Speaking to a group of offshore investors and representatives from the Caribbean media, John Collins, President of MonCasa Capital emphasized that the "mid to long term fundamentals of the leisure real estate market still remain strong".

Toronto, Ontario (PRWEB) October 19, 2008 -- "The recent Harris/Decima study released at the end of September '08 clearly indicates the Canadian demand for second home lifestyle properties is there and is at the start of a 15 year purchase cycle, being fuelled by boomers desire to re-invent their retirement lifestyle wants" said Collins.

MonCasa Capital believes that the economic events of the last few months have not hurt its business model. "We are now in a position to complete the second round of real estate acquisitions - with much better terms, due in part to the swoon in real estate prices across the region" said Michael Crunkhorn, MonCasa Capital Co-Founder and chief strategic officer.

"Quite frankly, we are excited about our future. We are the only Canadian company in this space focused on bringing to market a Caribbean Equity based Destination Club."

Beginning this fall and over the next 5 years MonCasa Capital will assemble 80 properties across 20 islands in a unique equity destination club model. MonCasa Private Club Residences (www.clubmoncasa.com) is being launched to its group of private investors, family and friends with 52 founder's memberships now available. Each membership includes special founder's

privileges with a 100% refund policy which reduces risk and provides greater affordability benefits.

Harris/Decima study. By the numbers:

14% of the Canadian population own recreational real estate asset.

57% of owners are sole recreational property owners.

43% of owners have invested in shared ownership assets, including timeshare or fractional ownership properties.

36% of those who are sole owners purchased their property prior to 1990.

43% of timeshare investments are fairly recent and occurred in the 90's while fractional ownership investment is even more recent with most acquisitions made since the year 2000.

59% increase in second home ownership among Canadians since 1990.

30% of the total population in the Harris/Decima Survey indicated they are interested in purchasing a recreational property asset.

71% are interested in acquiring sole ownership properties.

15% are interested in timeshare.

14% are interested in fractional ownership.

48% prefer to be near the beach.

46% want retail facilities nearby.

About Harris/Decima

Harris/Decima is one of Canada's most established names in public opinion and market research, with a 25-year track record of innovation and client satisfaction. Today, Harris/Decima are among Canada's largest full service research firms and fastest growing success story.

About the Study

A recent Harris/Decima study in the recreational real estate sector uncovered significant interest in the Purchase of Leisure Real Estate Properties among Canadians.

A total of 1,004 respondents participated in this study focused on leisure, travel and investment patterns with Canadians across the country. Data for this Harris/Decima study was collected in September 2008. Owners of recreational real estate are predominately high income earners

($100k plus) and over 40 years of age.

About MonCasa Capital

The company develops sustainable membership driven investment communities for the leisure economy through shared-ownership real estate and fractional membership programs.

MonCasa Capital Corporation Contact:

John F. Collins, President

Telephone 416 363 0045

Facsimile 416 363 0064

jcollins @ moncasacapital.com

www.moncasacapital.com

www.clubmoncasa.com

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