That's how a recent IMF* paper characterized Canada's mortgage market. 8 J J7 o9 a8 G& O 6 a, ?9 V' R7 eAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 9 ~$ j' P+ f" ]9 L ! c0 n- m# f- e% a0 b3 D* t