A comparison of the Canadian mortgage industry to that of the mortgage industry in the United States.
Written in 2006; 2,700 words; 5 sources; $ 106.95
Paper Summary:
This paper explains that the Canadian mortgage industry is one that closely mirrors its US counterpart, albeit on a smaller scale. The paper then explains how these industries also differ in that the risk to a Canadian in a stagnant or even shrinking economy faced by inflation issues is much greater than in the US because of the greater tax burden in the Canadian market. In contrast to Canada, the US mortgage industry and consumers have the benefit of an economy that exhibits greater diversification and a lower overall tax rate that allows its consumers to absorb a greater economic downturn.
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