Port Carling, Ontario (PRWEB) April 16, 2009
Development has changed in Ontario's Muskoka Lakes tourist region. Recognizing that there is a pent up demand for reasonably priced Muskoka lakefront property ownership, a few Muskoka developers have addressed Muskoka's affordability problem by introducing fractional ownership resort properties, where purchasers buy a share of a cottage, villa or resort property. "Fractional ownership enables you to expand your purchasing power and live the good life for much less," states Krista Havenaar of The Muskokan Resort Club (http://www.muskokanclub.com), a fractional ownership development of luxury villas in the heart of Muskoka.
Renowned for its many lakes and beautiful scenery, Muskoka has long been regarded as Ontario's favourite cottage country holiday destination; a sportsman and boater's paradise, drawing visitors from around the world. Due to its popularity, Muskoka has slowly evolved into a high-end, luxury vacation destination with magnificent lakefront estates and large upscale resorts that feature superior accommodations, fine dining and upmarket amenities. In Muskoka, real estate prices have skyrocketed. It is simply a matter of supply and demand. Everyone wants the Muskoka lakefront lifestyle; unfortunately there is only so much lakefront property to go around. Even in today's struggling economy, the price of a modest entry-level lakeside cottage, if you can still find one, starts at around the 300 thousand dollar mark. For the average person, purchasing and maintaining a Muskoka vacation property is financially infeasible.
Fractional ownership offers a practical alternative to owning and maintaining an expensive Muskoka cottage. Muskoka shared ownership vacation properties enable those who want a luxury Muskoka vacation experience to purchase premium accommodations with high-quality amenities, at a reasonable price. Fractional ownership not only solves the problem of affordability, it allows people the opportunity to invest in a Muskoka vacation property. It offers all the advantages of cottage ownership at an affordable cost. And, according to Muskokan Club's Krista Havenaar, "Shared ownership redefines the meaning of leisure lifestyle, by offering a luxurious property at a fraction of the price of whole-ownership. Fractional ownership is the smartest way I know to own a second home".
Renting in Muskoka has also become more expensive. Over the last couple of years many of the older, less expensive cottage resorts have disappeared. They have been replaced with high-end resort developments and private waterfront homes, reducing the inventory of affordable Muskoka rental accommodations. Industry studies have shown that over the long term fractional ownership may be cheaper than renting after comparing the cost of vacationing to the cost of owning a fractional vacation residence, particularly in a highly desirable resort area.
As population numbers and the price of lakefront property continues to rise in Muskoka, the market for fractional and interval ownership vacation club properties will continue to grow. Fractional ownership is a sensible option for those who want all the benefits of a luxury Muskoka vacation home without the high expense or time-consuming maintenance. In Muskoka, fractional ownership offers buyers a slice of Muskokan paradise with all the bells and whistles of a luxury resort.
About The Muskokan Resort Club: With luxury lakeside villas and extensive recreational amenities on 42 scenic acres, the Muskokan Resort Club on Lake Joseph is Muskoka's premier fractional ownership resort club. The Muskokan, offers affordable and carefree Muskoka vacation living where club owners purchase a 1/10 share that is theirs to enjoy for five weeks every year. To learn more about The Muskokan Resort Club and the advantages of owning a luxuriously appointed, lakeside vacation villa, call toll-free 1-866-960-9016 or visit the website (http://www.muskokanclub.com).
The Muskokan Resort Club
3876 Hwy 118 West
Port Carling, ON P0B 1J0
info @ muskokanclub.com