After researching this, Im curious about a method called poor mans sprayfoam where foamboard is cut to size between studs and sprayfoamed around the perimeter. Aside from the labour doing the job yourself, the cost seems comparable, is one better than the other? What about the quality of the canned sprayfoam around the perimeter? When i see sprayfoam done, it is never a full depth of the studs, so you would get 2.5-3 inches in a 3.5" (2x4) wall. Any thoughts? 
The United States has adapted to using sprayfoam insulation and a new technology called Wall Injection to retrofit existing wall construction by drilling small holes between wall studs in the structures framing and filling the void with a less aggressive expanding water based foam. This allows existing home and business owners to conserve energy by creating a thermal envelope in their existing structure.

Roof Coating Seal