SIREG Condominium Owners Town Hall: the replay and the proposed plan
Paul J. Rouillard hosted a town hall for every affected SIREG / Simple Investor condominium owner, with a licensed condominium manager who has served as a court-appointed administrator and a condominium lawyer. Watch the full replay, then read below what was proposed, what it might cost, and what owners are being asked to do.
1 hour 16 minutes. Not playing? Watch it on YouTube. Please share it with every affected owner, whether or not you are an OLH client.
Where things stand: this is a proposal, described at the town hall. Nothing has been filed, no administrator has been appointed and no one has been retained. Written terms — who is involved, the work, the fees, the funding and the risks — will be set out before any owner is asked to commit to anything. Registering and saying you are interested are free and commit you to nothing.
Two separate things
🏠 Your unit
Your tenants, rent, leases and keys. That is between you and whoever manages your unit. OLH Property Management helps owners with this: visiting units, collecting rent and paying owners, re-keying with locksmiths and mailing keys to owners.
🏢 Your condominium corporation
The building itself: its board, budget, common elements, contracts, records and status certificates. This is what the town hall was about. A healthy corporation is what protects your unit’s value and lets units be sold and mortgaged again.
Why the condominium corporations need help
- About 42 condominium corporations in Ontario are affected, with more than 2,000 units between them, according to the speakers.
- Their boards have resigned and they no longer have a management company; the former manager’s licence was revoked.
- Without a board and a manager, a corporation cannot give a clean status certificate, so lenders are reluctant to finance purchases and units are hard to sell or refinance.
- Owners cannot simply step in: in Ontario, managing a condominium’s common elements requires a licensed condominium manager.
- Much is still unknown — whether reserve funds exist, whether audits were done, and whether annual general meetings and board elections actually took place.
The proposal: one court application for a court-appointed administrator
Under the Condominium Act (section 131), an owner, the corporation or a mortgagee can ask the court to appoint an administrator. The administrator temporarily takes over the board’s powers and duties and reports to the court and to the owners.
- What an administrator does: sets the budget, orders maintenance, signs operating contracts (snow removal, landscaping), makes sure utilities are paid and filings with the Condominium Authority of Ontario are made, and hires a licensed management company for the corporation.
- The goal: rehabilitate each corporation, then hand it back to its owners to elect their own board. It is meant to be temporary — the speakers estimated six months to a year and a half, depending on each corporation.
- What is new here: instead of one application per corporation, one application covering all participating corporations, with one administrator as decision-maker and a licensed management company for each corporation (possibly one company for several corporations in the same city). The speakers said this has not been done before at this scale and should be faster and much cheaper.
- Oversight: the administrator reports to the court about every six months. Every owner in each corporation receives a copy of the report and notice of court hearings, and can raise concerns with the judge.
Costs, as described at the town hall
These are the speakers’ estimates, not quotes. Final figures and terms will be in writing before anyone commits.
- No upfront payment asked of owners. The lawyer proposed taking the application on a contingency basis: no retainer cheque from owners or applicants. If the court appoints an administrator, the court would be asked to order the legal costs to be paid by the participating condominium corporations, shared in proportion to their size.
- Corporation-paid costs still reach owners. A corporation’s expenses are funded by its owners, so every owner in a participating corporation would ultimately contribute, not only the applicants.
- Still being worked out: what would happen in the unlikely event the application failed and costs were awarded against the applicants. The lawyer described that risk as small and shared across 30 to 42 applicants, and said it will be set out in writing before anyone commits.
- Some owners have reported other proposals of over $40,000 per corporation. The speakers said they could not comment on other proposals.
How long it could take
Once applicants are lined up and the evidence is ready, the lawyer estimated a few weeks to about a month to get the application before the court, since much of the evidence already exists in the SIREG insolvency proceedings. After an appointment, each corporation would move through the rehabilitation steps at its own pace.
What owners are being asked to do
- Register every condominium unit you own. It is free and shows which corporations already have owners represented. Register my condo units.
- Press “Yes, I’m interested” on your private page. The application needs at least one owner from each participating corporation willing to be named as an applicant; support from other owners in the same corporation makes it stronger. After you register, open your private page (the link is in your registration email, or use I’m already registered) and press the button. It commits you to nothing and nothing is shared without your say-so.
- Read the written terms before deciding. Interested owners will receive the details in writing — the arrangement, the upside and the downside — before anyone is asked to sign anything. Your details are not shared with any outside professional without your choice.
- Join the next owner meeting. Another meeting is planned for the middle of next week to go through the money and the financials and answer owners’ questions. It will be announced here.
Take your time. Where your circumstances and deadlines allow, use the weekend to watch the replay and consider your options rather than deciding under pressure. This is not a request to disregard an existing deadline or advice from your own lawyer.
Questions owners asked
Is this about my tenants, my rent or my keys?
No. The town hall was about the condominium corporation your unit belongs to — the building’s governance, common elements and finances. Your tenancy, rent collection and keys are a separate matter between you and whoever manages your unit. OLH Property Management helps owners with those; the administrator would not.
Do we still need a court-appointed administrator after this week’s court filing?
The speakers’ view was yes. SIREG managed these corporations; it is not the corporations. Its companies wrapping up does not give each condominium corporation a board or a licensed manager. In Ontario, the way to move a corporation’s decision-making from an absent board to someone else is a court-appointed administrator under the Condominium Act.
If the boards resigned, why not just elect new boards?
Someone has to call and run those meetings, and a newly elected volunteer board would then have to hire managers and rebuild everything itself, corporation by corporation. The speakers described an administrator as a short, court-supervised step to stabilise each corporation and then hand it back to owners to elect their own board.
Would one administrator run all of the corporations?
That is what was proposed: one administrator as the decision-maker (in place of each board), with each corporation getting its own licensed management company for day-to-day work — possibly one company for several corporations in the same city. The administrator selects and oversees those companies.
What if a management company does a poor job?
The administrator said the management contracts he signs as an administrator have a 60-day termination clause, so a company that is not doing the job can be replaced.
Is the “$1,000” per condominium corporation or per owner?
Neither is a price. It was an illustration: if the single application cost about $20,000 to $40,000 and were shared by 30 to 40 corporations, each corporation’s share would be roughly $1,000. Owners would not be asked to pay it individually; the proposal is for the court to order the corporations to pay.
I already paid a retainer to another group. What happens?
The speakers could not speak to other proposals or engagements. They noted that courts sometimes bring parallel applications together. If you have signed something, please review it with your own lawyer.
Are joint ventures or non-condominium properties included?
No. A court-appointed condominium administrator is only available for condominium corporations under the Condominium Act. Other ownership structures would need other options.
A plain-language summary of what was said at the town hall of October 9, 2026, prepared by OLH Property Management from the recording. It is general information, not legal advice, and not a statement of what a court will decide. Figures are the speakers’ estimates. Nothing has been filed, retained or decided. OLH Property Management manages individual units for owners; it does not manage condominium corporations. Please review your own situation with a qualified lawyer.