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NORWOOD RESORTS INC. TO OFFER INNOVATION IN SHARED OWNERSHIP OF VACATION REAL ESTATE

A first in Ontario, Norwood Resorts Inc.,immediate occupancy opportunities depending
launched this summer, offers fractionalon  their  schedule  choices.
ownership in a variety of vacation properties
in the Collingwood area. With choices rangingFractional ownership means that vacation
from chalets and custom-built 705-homes, todollars reflect a purchaser's actual time of
log cabins, condo villas and even condominiumuse of the vacation property. Freedom from
suites in several resort-style locations, amaintenance and upkeep allows for a more
more diverse selection of the vacationrelaxing visit in casually elegant
property market will be able to zero in onsurroundings crafted with excellent quality
the perfect home style to suit their holidayand custom details. The ability to own two
needs. In addition, Norwood Resorts willconsecutive weeks in different seasons
provide a broad range of services that willprovides a significant benefit to the Norwood
provide exceptional comfort and convenienceResorts family of members. Each property is
to fractional ownership purchasers, as wellowned and held in perpetuity exclusively by
as the opportunity to pursue various otherthe member owners, they are in control of
vacation  options  around  the  globe.what happens to their vacation home now and
in the future. With fractional-ownership
The Norwood Resorts concept stands out fromopportunities beginning in price from just
the competition in a number of ways,$30,000, there is something in the Norwood
beginning with choices that lie outside theResorts  portfolio  for  just about everyone.
parameters of a development or traditional
resort. Some purchasers will feel comfortableAll Norwood Resorts fractional owners will
buying a one-tenth share in abelong to the not-for-profit owners'
multi-million-dollar ski chalet; others maycorporation that owns and controls each
prefer to co-own a compact condo overlookingproperty. This corporation is also a member
the lake. All of Norwood Resorts vacationof the local condominium corporation that is
properties will be renovated and ready toultimately responsible for the care and
occupy, so purchasers can actually see whatupkeep of the exteriors of the villas and the
they are buying rather than attempting togrounds.
visualize from plans, and will enjoy



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