Calgary, AB (May 19, 2010) — The Residences at Fairmont Ridge, based in Fairmont Hot Springs, B.C., has revealed an ownership opportunity that competes directly with the popular timeshare product of the Columbia Valley. A deeded sixteenth fractional ownership option starting at $38, 900 has sparked major movement back into recreational property purchasing in one of Canada’s most sought-after destinations. This never-before-offered ownership option is unique to the Columbia Valley and a first for Fairmont Hot Springs.
As opposed to timeshare product, the deeded sixteenth fractional offers vacationers an opportunity to invest in a second home at an affordable price. The sixteenth fractional includes 3 weeks of usage and is part of the world’s largest property exchange program, RCI Exchange. An aggressive rental program is also in place via Fairmont Creek Property Management – a family-owned company managing rental property for over a decade.
Marketing Director, Jay Hardy notes “even through the recession the desire for lifestyle products such as a second home did not diminish. Today, consumers are now more focused on value and this is exactly what the sixteenth fractional represents – usage aligned with price and equity in a property that can be shared for years to come.”
The Residences at Fairmont Ridge is setting a new precedent in the Columbia Valley with its urban-meets-nature design, contemporary style and furnishings and accessibility to some of the richest year-round recreational activities such a ski, golf, hiking, biking, water sports and more.
With the purchase of a sixteenth fractional buyers receive 15 rounds of golf, 15 ski passes and 15 Hot Springs passes. Rare fractional financing is also available through Quantum with 25% down at 9%.
“Timeshare product has remained the competitive choice in the Columbia Valley due to its low cost and flexible exchange programs, but with the new fractional offering at The Residences at Fairmont Ridge, owning a second home becomes a smarter choice and significantly easier, and in these times, ease and value mean everything,” notes Developer Tim Tourond.
For more information or to book a discovery trip visit www.fairmontridge.ca. Or call 1-877-646-5890
SOURCE: The Residences at Fairmont Ridge