Friday, May 16, 2025
With travel prices on the rise, the average cost of a summer vacation in 2025 is projected to hit USD $10,346—a 38% jump from summer 2024 and more than twice what travelers spent in 2022. As a result, smart budgeting is more important than ever.
Whether you're planning a trip within the U.S. or Canada, expenses can vary widely depending on your destination, accommodations, and activities. This guide offers a detailed breakdown of average costs per person and per couple to help you plan your next getaway.
As you can see, if you love warm, sunny destinations like Florida, even a one-week getaway can easily cost up to $8,000 CAD. It’s no surprise, then, that 45% of Canadians can only afford one or two vacations per year—while just 2% take more than four.
But what if you want (and can afford) to take six or more vacations a year? The costs add up quickly. Six trips could easily set you back $50,000—money you'll never get back.
This financial reality is leading many travelers to reconsider their approach. Instead of continuously paying for temporary accommodations, a growing number are exploring vacation home ownership/co-ownership as a smarter alternative.
Purchasing property in your favorite destination transforms each visit from a pure expense into a long-term investment.
While the initial commitment may seem substantial, the potential for equity growth and property appreciation creates financial benefits that simply don't exist with short-term rentals.
For those who want the benefits of ownership without full responsibility, co-ownership models offer an attractive middle ground. These innovative arrangements allow multiple owners to share both the costs and privileges of a vacation home, making luxury properties accessible at a fraction of traditional ownership expenses. The financial advantages become clear when comparing years of rental payments against the potential return from a property investment.
The choice ultimately comes down to priorities and travel habits. For occasional travelers, renting may still make sense. But for those who find themselves returning to the same destination year after year, ownership - whether full or fractional - can transform vacation spending from a recurring expense into a savvy financial strategy that pays dividends in both enjoyment and equity.
Smart travelers are switching to vacation homes that PAY THEM BACK through equity growth and even rental income!
Dream of vacationing for 6+ weeks each year? Co-owning a home in Florida, Mexico, or Europe could be the perfect solution. Discover hassle-free, cost-effective co-ownership options with our partner, Pacaso, and enjoy your own slice of paradise—without the high costs, management headaches, or full-time responsibilities.
Unlock the path to affordable luxury living by grabbing a free copy of my book, From Dream to Reality: Your Path to Affordable Luxury Living in Florida for Canadians. This guide is more than just a book—it's your key to owning a vacation paradise in Florida, Mexico, or Europe, whether you're in Canada or the U.S. Filled with expert insights and practical advice, it shows you how to own your second home without the burden of overwhelming financial stress—no debt, no high ongoing costs.
Take advantage of this incredible opportunity—it’s yours for free!
Claim your free copy now and receive a $200 Hotel Savings Card.
For those looking to explore exciting investment opportunities in the Florida market with my partners at SIH, click here to get started.
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My partners and I have come up with smart strategies that can enhance your second home ownership experience and open up possibilities you may not have considered before.
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