That's how a recent IMF* paper characterized Canada's mortgage market. & ~4 h0 N( i4 L6 p* c 1 z f0 n3 j9 ]1 W7 S0 h8 ^Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: / u% w) B" s3 t! r' o" c5 @9 Y! w. b' M* Z/ ~2 {