That's how a recent IMF* paper characterized Canada's mortgage market. ' m2 R" _$ H: S: X7 V5 Q3 P) Y( W( H6 V
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: ; ]) o" p; S$ M6 m C& V& h7 J/ W2 Z! g8 |% u