That's how a recent IMF* paper characterized Canada's mortgage market. $ _$ V! P1 F$ [% m$ u; P( c9 P; _ m% r* y
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 1 s0 r$ `. C: e3 {7 t ; s1 Q# a; t0 k' W