Rumor has it that Canada is fretting a possible housing collapse with some of the nation’s housing statistics mirroring America’s before the 2008 crisis, says Don Curren with the Wall Street Journal.

But the Canadians may have something else going for them, the country’s largest investment bank National Bank Financial says.

For starters, the nation has a lower portion of borrowers with low credit scores when compared to America’s borrower profile pre-2008.

The Wall Street Journal says Canada’s mortgage insurance program had only 7% of its new loans tied to borrowers with low credit scores in late 2012, while the U.S. ratio in 2006 was somewhere near 28%.