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Cottage ownership becoming more affordale
CBC News
Getting a little slice of cottage heaven may become an option for those who think they can't afford it. With the rising cost of waterfront property, fractional ownership has become a hot trend in the Muskokas — and now has come to northeastern Ontario in a couple of different forms. Maple Mountain trailer park on Skill Lake, on the western edge of Greater Sudbury, has been set up as a co-ownership.
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Diamond Resorts International to go public
Investor Place
Investors should keep their eyes out for this diamond in the rough. Timeshare operator Diamond Resorts International has filed for an initial public offering. The company plans to list on the New York Stock Exchange under the ticker and the lead underwriters include Credit Suisse, Bank of America Merrill Lynch, JPMorgan and Guggenheim Securities.
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Ski resorts find ways to stay busy when there's no snow
NPR
With sizzling temperatures in much of the country, tourists are turning to mountain ski resorts to find relief. Resorts from Colorado to California and Oregon are on track to set a record this year for summer business. Brandon Wilke is spending a long weekend at a resort just down the road from Aspen, Colo. He came for a wedding, but Wilke and his brother-in-law decided to bring their mountain bikes and try out some bike trails at the Snowmass ski resort.
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Interval International to host Shared Ownership Investment Seminar in Brazil
The Resort Trades
Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group, will host a Shared Ownership Investment Seminar on August 29 at the Grand Hyatt São Paulo. Interval created the event 15 years ago to educate prospective entrants, lenders, and government officials around the globe about various shared ownership business models. Successful seminars were hosted earlier this year in Argentina and Colombia.
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Wyndham Worldwide announces Wyndham Championship Charity of Choice finalists
Market Wire
The votes are in, and fans across the country have chosen the finalists in the Wyndham Championship Charity of Choice awareness campaign. Wishes by Wyndham, Wyndham Worldwide's philanthropic foundation and the official charity of the Wyndham Championship, will donate $100,000 to one of the finalists on last the day of the golf tournament.
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Cottage ownership becoming more affordable
CBC News
Getting a little slice of cottage heaven may become an option for those who think they can't afford it.

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Despite strengthening market, many affordable opportunities remain for Canadians to purchase in U.S.
Buzz Buzz
With the loonie losing value against the American dollar, U.S. housing prices on the rise again, and the threat of high mortgage rates lingering, Canadians may have missed their chance to score a great deal.

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Are you prepared? 5 handy tips to avoid a bummer summer vacation
Canada.com
Summer is a popular time to take a quick get-away with the family in Canada. But are parents as prepared as they think when traveling with their children?

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Magic Holidays to offer 100 resorts in next 5 years
Inside the Gate
Magic Holidays, a leading player in the timeshare vacations sector in India, announced its aggressive growth plans during a select media meet recently. Mr. Hitesh Kshatriya, Chief Operating Officer of the Panoramic Group, which owns Magic Holidays, outlined the group expansion model and spoke at length about the timeshare industry and its growing relevance in India.
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Who came, saw and was conquered by Canada travel
Canadian Tourism Commission
May 2013 was a merry month for the Canadian tourism industry. More than 1.4 million international travellers paid a visit to Canada, a 4 per cent rise on the previous year, says the latest Tourism Snapshot, hot off the cyber presses from the Canadian Tourism Commission CTC's Research department.
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TRENDING ARTICLES
Missed last week's issue? See which articles your colleagues read most.

    Owners of Fairmont timeshares face dilemma (CTV News)
Kelowna man loses $60,000 in timeshare scam (Global News)
Timeshare scam tips (Main Street)

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Westgate gets $65 million receivables line of credit
RCI Ventures
Liberty Bank's exclusive resort finance lending correspondent Wellington Financial has announced that they have recently closed a $65 million revolving receivables line of credit to Westgate Resorts. Liberty Bank has been actively lending to the timeshare industry throughout the U.S. for over 30 consecutive years, and Westgate Resorts is one of the largest resort developers in the United States, with 27 themed destination resorts in premier locations.
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Change in regulations to protect consumers from high-pressure selling
The Guardian
Consumers could in future be given 90 days to cancel a contract and receive a full refund if they have been pressured or bullied into buying a product or service, under laws to give protection against misleading and aggressive sales practices.
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Frank Humada, Director of Publishing, 289.695.5422
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