That's how a recent IMF* paper characterized Canada's mortgage market.$ d. r+ H% _0 t O3 U1 s* W) I( _) E
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Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: $ w" `! q) b$ n, v' P! f' U$ _# d5 b- p( V0 D