That's how a recent IMF* paper characterized Canada's mortgage market. 3 H2 J2 }6 C, e+ k* T2 Q- F* `4 {8 @1 v8 U) v
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 7 U' [/ `4 Z! F T% A6 G. ?6 R* g1 c2 U- S& r h% _& r/ l) b( D