That's how a recent IMF* paper characterized Canada's mortgage market.4 p" g/ h6 d. D$ E) _- ~' l
+ @9 c6 N: x2 D( YAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 6 L: y" V* S" W: S/ _7 | 9 w1 Y3 j1 L" r6 C