Condominium & InvestorRecovery Coalition

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Condo owner updates

Court hearings, the administrator, keys, records and costs, explained in plain words for owners of former SIREG Management condos. Newest first.

Hundreds of Condo owners fear loss of hundreds of millions by Todd C Slater and his Property Management company. Read the article →
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

Public record

UL Lawyers

Real Estate Investors in Ontario Face Payment Suspensions

Law-firm update: an Ontario property management firm led by Todd C. Slater suspended rent payments to roughly 1,800 investors, leaving many struggling to meet mortgage obligations.

Read on ullaw.ca

Public record

kawarthaNOW

No hearing date yet for appeal to Ontario Land Tribunal of Peterborough condo conversion denial

A May 7 case management conference on 700 Parkhill Road found SIREG and the City of Peterborough disagreeing on the list of issues for the hearing.

Read on kawarthanow.com

Public record

kawarthaNOW

Tenants at 700 Parkhill in Peterborough face rent hike uncertainty as condo conversion appeal heads to Ontario Land Tribunal

Residents of the 128-unit townhouse complex await potential above-guideline rent increases while the landlord challenges council’s denial of its condo conversion.

Read on kawarthanow.com

Public record

kawarthaNOW

Peterborough city council’s denial of Parkhill Place condo conversion appealed to Ontario Land Tribunal

In December, council unanimously voted against the owner’s plan to convert 128 three-bedroom rental units at 700 Parkhill Road into condominiums; the decision has been appealed.

Read on kawarthanow.com

Public record

Trent Arthur

City Council Votes in Support of Cohousing Development Project, Against Condo Conversions Plans

Peterborough City Council unanimously denied SIREG 700 Parkhill Inc.’s plan to convert 128 rental apartments into condominiums, citing the loss of affordable housing.

Read on trentarthur.ca

Public record

The Brockvilleist

Brockville council greenlights final approval for Cartier Court and Kensington Parkway condominiums

On June 10, 2025 Brockville City Council approved converting ten apartment buildings on Cartier Court and Kensington Parkway from rental units to condominiums.

Read on brockvilleist.com