Homeownership: a comparative study of the Canadian and American housing models
Date
2011
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Publisher
University of Delaware
Abstract
The relationship enjoyed between Canada and the United States has been rooted in economic and cultural similarities. However, there are instances throughout the past that have shown the distinct differences between our two great nations. One such difference has been the way in which the recent financial crisis has impacted the national economy of each country. Canada and the United States since the end of World War II have promoted homeownership as their unofficial housing policy. Through direct and indirect actions homeowners have enjoyed many benefits, which those who do not own their own home cannot enjoy. As a result Canada and the United States have reached historic levels of homeownership over the last decade. However, they have done so in unique ways, resulting in different impacts. This research is based on the close relationship and similarities between the two countries, and the ability to draw comparisons that can benefit and help strengthen the policies of both governments. This paper will examine the differences and similarities in the housing models of Canada and the United States in an effort to determine any lessons that can be shared from each country's unique experiences.