That's how a recent IMF* paper characterized Canada's mortgage market. ; M: t0 c% B3 L5 e% j0 D- a. J# g2 r9 C+ x/ ^* R- Y9 z, n# e) n
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 8 N' q9 k" y5 T& V& i$ [9 W4 |! D8 M