That's how a recent IMF* paper characterized Canada's mortgage market. ) E7 f' `% z5 L: e0 F/ x4 _. ]' E4 }$ s9 k9 w
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: " m1 ]9 u3 Y' O+ G- [& p( h: w2 L( o* Y4 x0 ^4 n3 g7 E