That's how a recent IMF* paper characterized Canada's mortgage market. 8 u1 t) |: O' m : w' N$ L7 H$ _- V% H: V. b5 b7 jAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones:6 N% S0 S: | }' r0 |6 h1 v