- FRACTIONAL OWNERSHIP BACKGROUNDER–Vancouver, B.C.  June 28, 2006–

The concept of shared asset ownership has grown in popularity across North America over the past decade with very good reason. It is hard to argue with the logic: all the benefits of ownership at a fraction of the cost.

Originally implemented in the aviation industry, the concept allowed individuals and corporations to share in capital costs, maintenance, and usage of the aircraft.

In recent years, fractional ownership has been applied to real estate on resorts with considerable success. Nowhere is this more evident than in Whistler, BC. With rising costs in ownership due primarily to increasing numbers of an aging baby boomer generation demanding more recreational property, many discriminating buyers and investors have opted to take advantage of the growing trend in fractional property ownership.

It has allowed owners to benefit from all the lifestyle aspects of resort property by more closely matching their usage requirements with their investments, thus allowing them to free up valuable capital for other purposes. Not to be overlooked is the peace of mind that comes with the professional management typically associated with this form of ownership.

The concept of shared ownership is now being successfully applied to the yachting industry by firms such as One 4 Yacht Fractions in Vancouver, BC. It is a logical application of the concept given the statistics in the industry. Average yacht owners typically use their vessel approximately 30 days each year. The rest of the time the owner is paying for moorage, insurance, and maintenance on a depreciating asset. In this context, it’s easy to comprehend the boater’s old adage that “the two happiest days in a boat owner’s life are the day he buys his boat and the day he sells it”.

One 4 Yacht Fractions offers premium power and sailing yachts at a fraction of the cost.  This offering integrated with a “hands on” management program to provide a high level of service and maintain the vessel to exceptional standards. The program includes a scheduling service allowing owners to “pre-book” their 4 “prime” boating weeks each year and to reserve other times throughout the year as their schedules allow. Yachts are currently available in Granville Island and Coal Harbour, Vancouver as well as in Tsehum Harbour, Sidney.