That's how a recent IMF* paper characterized Canada's mortgage market. : f3 X. Z& Z v4 a; C$ h0 L2 k+ U& c, Z8 w
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: # P" k2 r* V8 D% f: F; ^+ x / q8 u+ n; I/ S) E. `' }7 C