A nice article on fractional ownership from the Financial Post in Toronto:
Fractional ownership adds up to affordable luxury
Who doesn’t long for the comfort, privacy and prestige of a luxury vacation home? The problem: If you’re still gainfully employed, it’s likely your ski-in chalet or bungalow on the beach will remain empty for a large chunk of the year. Hence the rise of private residence clubs, fractional interests and destination clubs — the newest and hottest segment of the luxury travel market.