"your Owner (kanecha)": This (Israel) is one of the four that are called acquisitions (kinyan) of the L-rd: Torah, Israel, the Temple, and heaven and earth. Torah — (Proverbs 8:22) "The L-rd acquired me (Torah), the beginning of His way." Israel — "Your Father, your Owner." The Temple — (Psalms 78:54) "this mountain (the Temple mount), which His right hand acquired."
"He made you, and He established you (vayechonanecha)": R. Meir says: (Israel is) a city that has everything: its Cohanim, from its midst; its prophets, from its midst; its scribes, from its midst. And thus is it written (Zechariah 10:4) "from him, the cornerstone; from him, the peg, etc." R. Yehudah says (on "vayechonanecha" above): He made you with apertures (chevayin [as in "vayechonanecha"]). R. Shimon b. Yehudah says (on " vayechonanecha"): He settled you on your foundation: He fed you of the spoils of the seven nations; He gave you what He swore to you; and he caused you to inherit what He promised. R. Dostai b. Yehudah says: He made you with internal chambers ("kinunim, kinunim) in such manner that if one of them rises above the other, you will not be able to stand.