That's how a recent IMF* paper characterized Canada's mortgage market. - i% K4 W" g; M5 z' B : x0 {9 }$ f4 B! x) U, b9 w# {Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: ( b, b+ ~) X% W2 ^7 Y# d; }# I . @- c9 @ s' a) M7 x