That's how a recent IMF* paper characterized Canada's mortgage market. . @ s$ C( Z8 e$ E0 r 3 n4 K5 O: L7 h4 A* b2 t+ k. wAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 3 w, k& ]# N' y2 f2 g/ C7 y" W$ k2 y. ^* s3 \