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(EMAILWIRE.COM, August 09, 2007 ) Cloyne, Ontario -- The escalating price of vacation property in Ontario’s traditional cottage country destinations has reached a point where it is no longer possible for most people to purchase their own cottage property. However, fractional ownership has opened the door to owning a cottage in Ontario.Over the last decade, cottage prices have steadily increased, particularly in the highly desirable Ontario resort areas of Muskoka, Land O’ Lakes, and the Kawarthas. In Muskoka, lakefront cottage prices start around the three hundred thousand dollar mark for a very modest cottage on a small lake. At the top end of the price scale, the sky is the limit, with cottages selling in the many millions of dollars. Skyrocketing prices are due, in part, to supply and demand. There is only so much lakefront cottage property to go around, and with more people than ever before wanting to enjoy the cottage lifestyle, prices will continue to climb. Construction in Ontario’s cottage country has reached an all time high over the last several years and the trend does not seem to be slowing down. Another barrier to cottage ownership is high taxes. Municipalities in many cottage resort areas view lakefront cottage properties as an unlimited tax resource. While cottage owners may be pleased with the large increases in their cottage property’s value, Market Value Assessment means large increases in property taxes. Many lakefront cottage owners now pay more in taxes on their cottage property than they pay on their home in the city, and with fewer services to show for it. Interval ownership or fractional ownership offers a practical and affordable solution for the many people who would like to invest in a cottage property but simply can’t afford it. It is also an attractive alternative for those who don’t want to commit the large amount of capital it takes to purchase a cottage property. Interval or fractional ownership properties allow a buyer to invest in a share or piece of a cottage property. Fractional cottage ownership in Ontario gives purchasers all the advantages of cottage ownership, at an affordable cost. This concept is especially attractive to people who have neither the time nor the inclination to maintain a cottage property year round.“One of the greatest advantages of purchasing a share of a vacation cottage in an interval ownership property is that you are getting much more vacation property for your money,” states Pat Storms, developer of Frontenac Shores (http://www.frontenacshores.com), a new fractional ownership cottage resort on Mississagagon Lake in Eastern Ontario’s popular Land O’ Lakes resort region. “Fractional ownership properties tend to include many more amenities than your typical private cottage. At Frontenac Shores, our owners have exclusive access to a wide variety of recreational equipment and an extensive recreation centre - the kind of amenities generally found at luxury resorts. Our brand new Confederation Log Homes vacation cottages are lavishly furnished and equipped with high-end features such as whirlpool tubs, private saunas, gas fireplaces, gourmet kitchens, and satellite TV. Very few private cottages offer as many fine features,” adds Storms.The market for alternatives to traditional cottage ownership should continue to develop in the years to come as cottage prices continue to soar in Ontario and the population continues to grow. With the arrival of fractional and interval ownership vacation properties, the dream of cottage ownership can be realized by more than just a wealthy few. Quality interval ownership resort properties present a practical option that offers all the benefits of a vacation home at an affordable price. Many people wanting to live the cottage life style will change their way of thinking about cottage ownership.Frontenac Shores is an Ontario waterfront fractional ownership cottage resort. For more information, please visit Frontenac Shores or call Dave and Pat Storms at 1-866-240-5194.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
Hillary Lane
support@engine-iuspressrelease.com 
Source: EmailWire.com
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