Article
Insolvency Insider Canada
SIREG entities file amid investor turmoil
Insolvency Insider reports that SIREG-associated entities have filed notices of intention to make a proposal amid the liquidity crisis affecting the group. The article identifies the proposal trustee and restructuring team.
Read on insolvencyinsider.ca
Article
The Globe and Mail
Multiple rental-property companies founded by former talk-radio host file for insolvency
The Globe and Mail reports that at least 14 companies associated with Simple Investor Real Estate Group have filed for bankruptcy, records show.
Read on theglobeandmail.com
Article
CMRAO
CMRAO takes regulatory action against SIREG Management Inc., including immediate licence suspensions
Ontario's condominium regulator suspends SIREG Management Inc.'s licences, effective immediately.
Read on cmrao.ca
Article
CBC News
Ontario investigates condo management company as investors scramble, tenants left confused
Ontario's condominium management regulator is investigating SIREG Management after the company told investors it could no longer guarantee rent payments, leaving some owners scrambling to collect rent directly from tenants.
Read on cbc.ca
Article
Ontario Chronicle
Investigation Into Condo Management Leaves Tenants and Investors in Limbo
Ontario Chronicle reports, with credit to CBC News London, that SIREG Management told investors it could no longer guarantee rent payments, leaving some owners trying to collect rent directly from tenants, and that the condominium management regulator has opened investigations after receiving five complaints.
Read on ontariochronicle.ca
Article
CBC News
'Liquidity challenges' at SIREG Management leave Ontario condo investors scrambling
A company that converted apartment buildings into condominium units across Ontario and marketed them to investors said it is facing “market and liquidity challenges,” leaving some owners worried about their mortgages and scrambling for answers from management.
Read on cbc.ca
Article
CA Today
Ontario investors left in limbo as 'Simple Investor' firm suspends rent payments
CA Today reports that the Simple Investor property company stopped rent payments to hundreds of Ontario investors in September, citing market and liquidity challenges, and that investors who relied on the income to cover their mortgages are now looking for solutions.
Read on ca-today.com
1 min read
Video: condo owners fear major losses in the Simple Investor and SIREG collapse
Watch the CTV News report on Ontario condo owners who fear heavy losses after SIREG Management, the company founded by Todd C. Slater, stopped paying investors.
Read the update
Article
CTV News
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
Read on ctvnews.ca
Article
CP24
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
Read on cp24.com
Article
BNN Bloomberg
Ontario real estate investors in limbo as ‘Simple Investor’ property firm suspends payments
Hundreds of real estate investors in a company run by a media-savvy realtor that owns dozens of buildings across Ontario got a shock over the weekend when they were told their rent payments are in limbo.
Read on bnnbloomberg.ca