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Timeshares are a relatively new concept in property ownership that generally fall under two main categories: fee ownership interest and right-to-use ownership. In fee ownership interest, the owner has a right to encumber, convey, or otherwise transfer the interest for all future time. In a right-to-use ownership, the buyer receives no registerable title. Instead, the owner of this interest has a contractual right to enjoy the use of the property for a specific period.

Many provinces do not currently have legislation specifically addressing timeshare ownership. If you have this type of property, seek the advice of a lawyer or your local real estate agent.