Canada is celebrated abroad as a safe, prosperous, and open society. But beneath the surface, a far more precarious reality is taking shape. The pillars of our economy — land, real estate, natural resources, and immigration — have been left vulnerable to foreign manipulation, criminal exploitation, and political negligence. The result is what can only be described as a sandcastle economy — striking at first glance, but fragile. Like the parable of the house built on sand, it is a foundation vulnerable to give way when the storm comes.
Investigative journalist Sam Cooper has long warned that foreign capital and organized crime have deeply infiltrated Canada’s real estate market. On Prince Edward Island, the Bliss and Wisdom Buddhist group quietly acquired swaths of farmland and property, raising questions about how religious fronts with Chinese connections gained such leverage in a province with limited oversight. In Saskatchewan, Chinese investors have been buying up valuable farmland, raising alarms about food sovereignty and the lack of restrictions on foreign ownership of agricultural land. Meanwhile in British Columbia, governments continue to downplay or outright ignore the extent to which transnational money laundering has fueled a housing market now completely detached from local incomes.
All of this has unfolded against a backdrop of minimal transparency, weak beneficial ownership registries, and virtually no effective enforcement. The same blind spots that allowed casinos and luxury real estate in Vancouver to become laundromats for dirty money are now being replicated nationwide.
The most urgent threat tied to these financial blind spots is fentanyl. Canada has become one of the world’s top destinations for proceeds from synthetic drug trafficking — a crisis that has devastated families from coast to coast. Chinese triads, Mexican cartels, and local gangs launder profits through casinos, shell companies, and real estate deals. Yet federal legislation continues to lag behind, leaving law enforcement outgunned. Every toxic opioid death in Canada is not only a health tragedy, but also a reminder of how organized crime is exploiting our lax financial controls. While other countries have implemented tough anti-money laundering regimes, Canada remains dangerously complacent.
That same complacency extends to national security. Canada has repeatedly delayed designating Iran’s Islamic Revolutionary Guard Corps as a terrorist organization, despite overwhelming evidence of its involvement in financing terrorism and conducting influence operations abroad. Our allies — including the United States — have acted. Canada, however, remains an outlier, seemingly unwilling to confront the risk of Iranian proxy activity operating in plain sight within our borders.
Immigration policy reveals similar weaknesses. Foreign students, particularly from India, have become central to the financial survival of colleges and universities. Yet a growing number are not here primarily to study. Instead, education visas have become a backdoor into Canada’s workforce, particularly in industries such as trucking. The tragic Humboldt Broncos bus crash in 2018 exposed gaps in training and licensing in the trucking sector. Since then, reports have continued to surface of foreign students entering the industry without adequate skills — a risk not only to public safety but to the integrity of our immigration system. Ottawa has failed to adequately regulate this pipeline, preferring instead to rely on the tuition dollars and temporary labour it generates.
Editor’s Note: Forthcoming Bureau investigations, citing U.S. government sources, question how widespread fraud and Indian transnational crime capture of Canada’s commercial trucking industry have fueled the flow of fentanyl, cocaine, and methamphetamine — turning the country into a weak link for its international allies.
The threads running through these crises are clear: willful blindness, weak laws, and short-term political expediency. Land and natural resources are being sold without regard for sovereignty. Real estate markets are distorted by laundered money. Organized crime groups funnel fentanyl profits into Canada with ease. The IRGC operates without effective restriction. And the education system is exploited as a labour channel, with little oversight. Canada is, in effect, trading away its long-term security for short-term economic gains.
Politicians, bureaucrats, and regulators too often dismiss warnings as alarmist or xenophobic, when in fact they reflect real risks to the stability of the country. A sandcastle can stand tall on the shore, admired in the moment, but everyone knows what comes next. Unless urgent steps are taken — enforcing transparency in land ownership, restricting foreign control of farmland and resources, tightening anti-money laundering measures, confronting hostile foreign actors, and restoring integrity to the education and immigration systems — collapse is inevitable.
The signs are already here: families priced out of homes, farmers squeezed out of land, fentanyl overdoses climbing, and a public losing faith in the fairness of the system. Canada prides itself on being open and inclusive. But openness without vigilance is vulnerability. Like unwise stewards, our leaders have been gifted with a land of overflowing abundance, and yet they have squandered its potential through short-sighted choices. That failure must be corrected — immediately and wisely — if the nation is to not only thrive, but survive.
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Former senior RCMP officer Garry Clement consults with corporations on anti-money laundering, contributed to the Canadian academic text Dirty Money, and wrote Canada Under Siege, and Undercover, In the Shady World of Organized Crime and the RCMP
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