That's how a recent IMF* paper characterized Canada's mortgage market. * z$ x0 C) g9 d; Q d7 O3 l. M# K # J8 i) Z! V% dAmong other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones: ' d Z5 A' G! l ( O* ~% z% K/ o2 m& q& K2 |5 ^8 q( O3 q