That's how a recent IMF* paper characterized Canada's mortgage market. : _# j& t' c4 H6 G% R0 M7 H4 u# |- U: K# h" l
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones:1 Q/ u8 L' P3 W9 n4 Y5 N! w* ] L) }( \
' }! T8 W6 l8 D8 I4 e# V