1 min read
SIREG's October 13 notice: units go back to owners, but the money question is left open
SIREG Management told owners it is ending its tenancies and will share owner lists. Good news for control of your unit; silent on condo funds, insurance and bills.
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2 min read
Bryan's story: a joint venture and condo meant to fund retirement
My name is Bryan, and this situation has caused my wife and I significant distress.
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4 min read
Owners' lawyers will ask for an interim administrator inside the SIREG case; fee cut to $10,000 per building
Until owners elect boards, nobody can act for the former SIREG condos, including renewing insurance. The new plan, the lower fee, the October 12 deadline and the court dates.
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2 min read
SIREG companies say they will wind down and run out of money by late October
An October 7 court filing by 18 SIREG companies and their trustee says no restructuring or sale is possible. What the filing asks for and what owners need to protect.
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2 min read
Condo Authority to owners: it cannot appoint an administrator or extend insurance
Owners from several former SIREG buildings met the Condominium Authority of Ontario on October 8. What the CAO can and cannot do, how to replace a board that is not acting, and writing to the Minister.
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1 min read
Lawyers explain: why each building needs its own administrator application, and what it costs
The law firm acting for owners answered common questions: one application or many, the fee, the administrator's hourly rate, and who pays in the end.
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1 min read
No manager, no board: the three routes open to owners, compared
A court-appointed administrator, an owner-called meeting or a requisition. Why, for most former SIREG buildings, only one route was expected to work in time.
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2 min read
Camille's story: a nurse's first investment property, three years later
Hi everyone, my name is Camille and I purchased my unit in February 2023.
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Article
Condominium Authority of Ontario (CAO)
Information for condo owners affected by SIREG Management disruptions
The CAO answers common questions for owners and tenants: how to find your condo corporation's records, how owners remove directors or fill vacancies by requisitioning a meeting, what a new board should do first, and where the CMRAO and Landlord and Tenant Board can help.
Read on condoauthorityontario.ca
2 min read
Carlo's story: a Brockville joint venture and five years of delays
Carlo Cortese 2501481 Ontario Ltd. 14.66% JV partner in 10 Cartier Court , Brockville September 29, 2021 I invested in a Joint Venture with The Simple Investor.
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3 min read
Janet's story: 'Our retirement and our trust have been shaken'
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 o…
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1 min read
Carlo's video testimonial: a SIREG joint-venture investor speaks
Watch Carlo's video testimonial: a SIREG investor on how the collapse of The Simple Investor has affected them.
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