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B.C.'s Aviawest Resorts seeks creditor protection - The Globe and Mail

While the broader Canadian real estate market has prospered since the recession, the resort industry has been unable to match the brisk pace of recovery. A high Canadian dollar has discouraged American buyers, and lenders who were quick to support speculative builders largely bailed on the industry through the recession and have not returned. Read the rest of this entry »


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Timeshare Bankruptcy
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Fraud charges laid in Alberta time-share collapse

 

Canadian Timeshare Scams & Default

Four companies and two people face criminal and provincial charges after consumers lost more than $1 million in the collapse of an Alberta operation offering time shares at two resorts in and near Canmore.

But the alleged fraud may be much larger, with many more people involved than the 678 complaints received, and “total losses, probably, in the $60 to $80 million range,” said Mike Berezowsky, spokesman for Service Alberta.

The charges are based on 59 complaints dating back to 2008 as “the evidence was really strong and also to keep the size manageable should this go to trial.”

The case could involve thousands of Read the rest of this entry »


We are including links to other time share web sites that you may have an interest in researching. Thank You for visiting us.


scams
The TimeShare Authority
The Timeshare Users Group
TimeSharing Today


Recommended Reading


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