Governments have no idea who owns many of the country's priciest properties, but that may soon change.
The crackdown on money laundering may be welcome, but it will still hurt financially.
He's promising to dedicate a whole unit of the RCMP to deal with it.
The country would fall into recession if three-quarters of the money laundering suddenly disappeared, a new analysis says.
The extent of the problem was far worse than the provincial government had initially imagined.
Canada's lax laws on identifying the true owners of property have made it a hot-spot for dirty money.
The report estimates that $5 billion was laundered through the province's real estate market.
"Canadian real estate has attracted the attention and money of corrupt officials and crime syndicates from across the globe.''
The province is set to look into shady real estate transactions.
But this could just be the tip of the iceberg.