Janet is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Janet’s story, in their own words.
In Janet’s words
Our Retirement and Our Trust Have Been Shaken
My Husband and I invested in these properties because we believed we were building a secure future for ourselves and our family. These investments represented years of work, sacrifice and savings, and they were intended to form an important part of our retirement.
Today, it feels as though our lives have been turned upside down.
It is extremely difficult to put into words the disbelief, stress and uncertainty we feel over what has happened with SIREG and The Simple Investor. We trusted the people and organizations involved to properly manage these investments and the homes connected to them. We never imagined that years later we would find ourselves worried about our retirement savings, our properties, the tenants living in them and what happens next.
What makes this especially difficult is knowing that we are not alone. There are many innocent investors and families trying to understand what has happened and how they can protect what they spent years building.
We also cannot forget the tenants.
Behind every investment property is a real home. There are individuals and families who depend on these properties for shelter and stability. The consequences of what is happening therefore extend far beyond investors. They can affect tenants who had nothing whatsoever to do with the financial or management decisions that created this situation.
Rental-property owners also contribute significantly to Ontario communities. We pay property taxes to municipalities, utility costs, condominium expenses, maintenance and repairs, insurance and many other expenses that support local businesses and communities. Most importantly, responsible rental-property investment helps provide housing for Ontario families.
That is why this situation is about much more than money.
My husband and I are deeply disappointed and struggling to understand how Todd and the people responsible for these companies allowed matters to reach this point. We trusted them with an important part of our financial future. We believed that the interests of property owners and tenants were being responsibly looked after.
We now have to deal with uncertainty that we never expected at this stage of our lives.
At the same time, seeing investors come together through this coalition has given us something extremely important: information, organization and a collective voice.
I hope that by sharing our experience and working together, investors can uncover the facts, protect their properties and legal rights, support the tenants affected by this situation, and ultimately hold the appropriate people and organizations accountable through the proper legal and regulatory processes.
For my Husband and me, this is our retirement savings.
For another investor, it may represent decades of work.
And for a tenant, it is their home.
Those are real lives behind the numbers, and they should never be forgotten.
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.
Join the coalition · Register your unit · Share your story · Read the latest updates
