That's how a recent IMF* paper characterized Canada's mortgage market. 1 x& W' p5 {$ e$ ~ " `8 U1 r. A- G+ T3 YAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: & V( q8 P& s {# E. S! r 5 G- c p ~: L4 H4 P