Lisa is a member of the SIREG Investor Recovery Coalition who invested through The Simple Investor. This is Lisa’s story, in their own words.
In Lisa’s words
My husband and I bought three properties from The Simple Investor with the promise of guaranteed rent and a "hands off" system of being a landlord. The goal was never to get rich quick, but rather set our children up for the future... give them a head start.
Never in a million years did I think I'd be in this position... no incoming rent and mortgages to pay. We cannot sustain this long term and fear that it will all be lost due to Todd's mismanagement.
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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