This paper compares the housing and mortgage finance systems in the United States and Canada. After examining these systems it goes on to explore how the two countries' systems affected the performance of the United States and Canadian economies, finance and housing during the recent financial meltdown. Finally the paper looks at whether there are lessons that could be learned from the recent mortgage and housing crisis.
*Pew commissioned this external paper in advance of a conference held on revitializing the housing market.The research and conclusions expressed in this paper are those of the author(s) and do not necessarily reflect the views of Pew.