That's how a recent IMF* paper characterized Canada's mortgage market. 5 v1 V: S( t o6 `" g6 P+ T- x V4 A$ w. N* h' l
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: 7 M6 N3 s. [, m. D $ |, q: m8 x6 Z8 W! V& ]# ]! p