Camille is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Camille’s story, in their own words.
In Camille’s words
Hi everyone, my name is Camille and I purchased my unit in February 2023. I was 26 years old at the time and was really looking to get started in the real estate world, hoping that an investment property would help me afford my first home with my then boyfriend, now husband! What had initially attracted me to the Simple Investor was the “hands-off” approach to real estate management. I am a Registered Nurse, and at the time they also had a promotion for frontline workers. My dad had heard about the Simple Investor through countless radio ads and had thought it was a good investment at the time. However, almost 3 years later and the property is yet to be profitable. My husband and I have also recently purchased our first home together! While we are trying our best to be excited, it is now instead being overshadowed by the possibility of not being able to make payments due to SIREG’s rental payments being delayed with no date in sight. Not only do I want out, I just want answers.
What’s happening: the SIREG and Simple Investor situation in brief
If you arrived here looking for news about The Simple Investor, SIREG Management or Todd C. Slater, here is the short version.
- Who: The Simple Investor brand and SIREG Management Inc. were founded by Todd Slater (Todd C. Slater), a former talk-radio host. They sold condo units and joint-venture investments to individual Ontario investors, many on a “guaranteed rent”, hands-off model (The Globe and Mail).
- September 2026: SIREG Management reported “liquidity challenges” and investors stopped receiving their payments (CTV News, CBC News).
- The regulator: the Condominium Management Regulatory Authority of Ontario (CMRAO) took regulatory action against SIREG Management Inc., including immediate licence suspensions (CMRAO).
- Insolvency: several SIREG and Simple Investor companies have filed for insolvency, the process many people search for as the “Simple Investor bankruptcy” (The Globe and Mail, Insolvency Insider).
- People named: coalition members have been asked to share any first-hand documents about their dealings with SIREG Management representatives, including Todd Slater and Sheila Vos Slater, with the coalition’s legal team.
The SIREG Investor Recovery Coalition (the SIREG coalition) brings affected investors, condo owners and tenants together to share information and pursue recovery through the proper legal and regulatory processes. No allegation against any individual has been proven in court.
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