Canada is largely unknown to many Americans and although Canadian travellers frequently tour through the US and Mexico, it is not hugely common for Americans to venture north to Canada nearly as often.
Timeshare Compensation have been researching and have found that Canada contains around 230 timeshare resorts; there are dozens of beautiful timeshare resorts situated around the Vancouver-Whistler corridor in the West, or along the Niagara Falls-Toronto corridor in the East. There are also a number of exchangeable timeshares in the picturesque Banff-Lake Louise area, but that’s a virtual mountain island all unto itself. It is reachable by car or train, 97 miles from Calgary International Airport.
With a few exceptions, Canada is not much of a holiday spot for beachgoers who like Hawaii or the Caribbean. The timeshare resorts are more of an action-sport destination for people who crave the outdoors and adventures. That could be skiing, hiking, golf or canoeing.
The timeshare basics in Canada can be compared to the rules and regulations in the US. This means reservations should be secured as far as possible in advance, particularly if you’re exchanging a week through RCI, Interval, or any other exchange company. Members of timeshare clubs (such as Embarc, which is now owned by Diamond Resorts) can use their points or weeks for multiple-night stays at any resort in their network, or deposit them for an exchange. There are a few Canadian timeshare rentals on RedWeek, mostly offering winter ski weeks or summer mountain vacations, and a similar number of resales, with prices ranging from $0 – $10,500. However, the maintenance fees for timeshare in Canada do tend to be lower than the maintenance fees in the USA.
Travellers can look for timeshare in Canada through online travel agencies and exchange companies. Interestingly the massive brand-name companies that command the US timeshare market, like Wyndham, Marriott, Vistana, Hyatt and Hilton, have very low profiles in Canada. Wyndham has WorldMark, and Diamond has Embarc, but that’s all worth mentioning.
Canada is full of very protective independent timeshare resorts managed by homeowner associations. They are generally very proud and possessive of their independent status. RedWeek interviewed one timeshare executive at the Canadian Vacation Ownership Association conference who said he ‘worked very hard, after his company was bought by a US timeshare company, to preserve the culture and style of the original company’ He clearly stated that the timeshare owners were insistent on this and demanded that the culture and style of the resort remain.
Timeshare and re-sale scams are rife throughout the timeshare industry and that is no different in the Canadian timeshare industry. However, the scale is a lot smaller in Canada and the CVOA is taking active steps to educate its members on the best ways to detect and deflect resale scams and protect owners.
There are new trends that are redefining timeshare in Canada and the hierarchy of the industry in a have commented that “As long as you’re willing to evolve, your business will not become extinct,” says Duane Lee, CEO of Safeguard. They are a Toronto based company that sells loyalty rewards packages to timeshare companies.
It is clear that survival in this highly competitive holiday market is dependent on being relevant and adapting to change and what consumers want. That means giving consumers unforgettable experiences, on-site or off, and this will bring people back time and build reputations time and again.
The US market in Canada is largely untouched and the Canadian timeshare industry in now on the precipice of tapping into that market. There are unique selling points for timeshare in Canada for US consumers. One of them is that you don’t have to fly to get to your destination. You therefore save money on flight costs and you can drive to get there. The routes can be beautifully scenic and add to the overall experience and ambiance of your holiday.
Another great selling point is the exchange rates, currently your dollars will go further in Canada. The exchange rates make holidaying cheaper, which means you can do and have more for your hard-earned cash!
“The Canadian vacation ownership industry is healthy,” said Jon Zwickel, outgoing president of CVOA. “Many people still believe in the concept of vacation ownership, but they tend to be buying outside the country.”
You can contact Timeshare Compensation today by calling 0800 046 5855 and speaknig with one of our Advisors.