Is owning at Chilko Lake Lodge, different than owning a timeshare?
Yes. Timeshare owners usually share their property with a large group of people and are typically limited to one or two weeks per year. Fractional ownership at Chilko Lake means you are part of a intimate, exclusive Club that allows you to select the times of year that you would like to make use of your cottage and the lodge’s services. The difference in value is also notable between timeshares and fractionals. Investment-wise, banks and mortgage companies look at timeshares as assets that depreciate, while fractionals are considered appreciating assets. Most lenders treat the purchase of fractionals like they would a wholly owned second home.
