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Real Estate, Urbanized, News

European vacation home co-ownership concept launches in Vancouver

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DH Vancouver Staff Apr 03, 2019 10:57 am 98

A vacation home co-ownership concept that “has taken Europe by storm” in the past decade has come to Canada for the first time, with its launch in Vancouver.

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“Vancouverites appreciate the good life,” said 21-5, the Danish-operated company, in a release. “We are fortunate to live in a part of the world where we can pursue such quality of life, facts that make Vancouver an ideal hub for the 21-5 concept.”

Essentially, the company brings together 21 families in an owner association and, on their behalf, finds, purchases, renovates, furnishes, decorates and manages five high-end vacation homes in destination locales such as Hawaii, Whistler, New York City, and Palm Springs.

The co-ownership also gives access to over a hundred privately owned 21-5 vacation homes in places like Tuscany, Southern France, Mallorca, Paris, Rome and more.

Each family has, on average, 12 weeks available every year to enjoy their five vacation homes.

The company said the entire experience is a turn-key, “no stress ownership experience for families who are considering buying a vacation home, but have been discouraged by the stress and hassle traditionally associated with vacation home ownership.”

The company said that since the concept began, over 550 families have so far invested over $200 million in their 21-5 vacation homes.

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