How housing markets differ in Canada and the U.S.

Significant structural differences exist between the Canadian and U.S. housing markets, particularly concerning mortgage terms, regulatory oversight, and tax implications. While U.S. mortgages often feature long-term fixed rates and tax deductions for interest, Canadian mortgages typically involve rate renegotiations every five years and more limited early repayment options, though they often offer portability.

Read the full analysis at Financial Pipeline.