Everyone dreams of owning a vacation property. We all want the opportunity to escape the hustle and bustle of city life for a weekend just so we can forget about work for a while. The only issue? This lifestyle can cost a pretty penny. Prices for cottages in Muskoka and Haliburton are rising, but thanks to Touchstone, there is still an affordable option.

Fractional ownership at Touchstone on the Lake

Touchstone on the Lake, a five star, four season resort, has recently opened up its “fractional ownership” program for online bidding. What is fractional ownership? Well, much like a timeshare, fractional ownership gives owners the ability to have access to vacation residences at a very low cost.

The initial online bids are coming in at just 15 percent of the developer’s sales price. The online bidding process is managed and administrated by Gordon's Estate Services, Canada's leading real estate auction broker.

“This initiative gives families the opportunity to build lasting memories on the shores of Lake Muskoka at a fraction of the cost of an average area cottage—and without the stresses associated with the upkeep of a vacation home,” said Real Estate Broker Manson Slik of Gordon’s Estate Services. “The remarkable value and opportunity presented in this auction is apparent to anyone who has watched home prices skyrocket across the Muskoka region in recent years.”

What's available at Touchstone on the Lake

A grand total of 75 fractions are available through the online auction, which is being held over three rounds between now and July 22nd. Minimum reserve bids for 1/8 fractions range from $4,500 to $62,000. Touchstone offers Grand Lodge Studios, two-bedroom suites, three- and four-bedroom cottages, and highly sought after Tree Top Villas.

Touchstone on the Lake in Muskoka

Located in Muskoka, Touchstone offers a wide variety of onsite features and amenities. Muskoka is one of Ontario's most appealing vacation regions. Activities such as boating, sailing, golfing, and swimming are all options, plus skiing and snowboarding during the winter. Nearby Bracebridge offers a wide array of restaurants, cinemas, and attractions, such as Santa's Village and an Opera House.

For more information about the online auction process and to check out the suites, visit www.touchstoneauction.ca.