Victoria Day is around the corner. It's the official launch of cottage season and while I've always pined for one, I could never find one in my price range. So I rent one for a couple of weeks every summer, and the experience always leaves me wanting more. So I started looking into fractional cottage ownership
. Essentially, timeshares for cottage country.
With fractional cottage ownership, you typically buy a share of a cottage, which allows you to use it for five weeks every year. In general, this works out to one week per season plus a bonus week. Some properties let you pick your weeks, and they remain the same every year. At other properties, the weeks rotate every year and you have to have some flexibility with your vacation time.
The lowest price I could find for a fractional ownership was about $30,000. On top of that, there's an annual maintenance fee of $2000 or more. That's not too bad if you plan to use your five weeks every year. Renting would cost much more. And if you can't use all of your weeks, most places give you the option to rent them out, so you can get some of your money back. However, it's your responsibility to find any takers.