That's how a recent IMF* paper characterized Canada's mortgage market. ( C+ M7 ~& j% @' t9 P+ T' N% m) o4 T- A" f. m6 i4 j! J B {
Among other things, it compared Canadian and American mortgages and listed several key differences. Here are the big ones:% A/ v- J/ J8 g* T
8 `: H2 S$ ~: F2 e