That's how a recent IMF* paper characterized Canada's mortgage market. o3 V" f. F! ?# d, ~. S; x) ^5 u/ b$ Q5 k
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: , T" e/ t2 |8 A( O 6 l5 h d8 I- I$ z! h" J