That's how a recent IMF* paper characterized Canada's mortgage market. . ]! y/ E* p3 c7 s" \! y ! v8 f/ y$ v6 m5 hAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: % H; V. h9 g0 G A( x4 U, E( F+ ^. Q9 T9 D1 W