That's how a recent IMF* paper characterized Canada's mortgage market. B/ t: I0 R4 p" f2 [0 ] x1 p x6 @/ ~( u& C, s3 R9 zAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: ; v% O5 K/ b/ E 8 x; `% h& t* x5 T