Owner's guide

SIREG Management owners: how to move your condo to a new property manager

If you own a condominium unit managed by SIREG Management Inc., you still own it. What needs care is what you do next, because many SIREG agreements lease your unit to SIREG rather than simply appointing it as your manager. Read your own agreement, get independent legal advice, and do not contact the occupant or redirect rent until your lawyer says you can.

This guide sets out the steps in order: what the public reporting says, what the agreements owners have shown us usually say, what Ontario law says, and what to take to your lawyer.

Book a SIREG owner call with A.J. →

Last updated 2026-09-28. By A.J. Keilty, President, KEILTY Realty Management. KEILTY manages rental units for owners and would like to manage yours, so read this page with that in mind. This page is general information, not legal advice. Every owner's agreement is different, so speak with your own lawyer before you end an agreement, contact an occupant or redirect rent. Questions: Hello@KEILTY.com or 613-545-3322.

The short version

Title to your unit stays with you. A management agreement or a lease to SIREG does not transfer ownership.
The Peterborough Examiner reported on 2026-09-28 that SIREG filed a notice of intention with the Office of the Superintendent of Bankruptcy. KEILTY has not confirmed it, and it could affect what owners can do, so speak to a lawyer before you act.
In the agreements owners have shown us, SIREG is the occupant's landlord and owners may not contact the occupant without SIREG's consent. Read your own agreement before you do anything.
Ask SIREG in writing for your records, and log every payment due on the 15th.
Check your condo fees yourself with a status certificate from the condominium corporation.

What is happening at SIREG?

According to CBC News and CP24, SIREG told the owners of units it manages in September 2026 that it is experiencing "market and liquidity challenges that are affecting our ability to make timely rental payments." The Peterborough Examiner has since reported an insolvency filing. What follows is limited to what those outlets reported, with the date of each report.

2026-09-21, CP24. Reported the wording of SIREG's letter quoted above, and that an owner it interviewed said her rent money did not come in this month.
2026-09-23, CBC News. Reported that SIREG, based in Burlington, manages 1,800 condo units in 21 condo buildings across Ontario, and that several owners said rental payments they expected on 2026-09-18 never arrived. CBC reported that the company said it could not say when payments would resume, told owners their ownership of the condos "remains secure", and said it would provide a written update by 2026-09-23. CBC said it contacted SIREG for comment and did not receive a reply.
2026-09-23, CBC News. Reported that some owners said they do not have contact information for their tenants, because the arrangement was marketed as hands-off.
2026-09-28, The Peterborough Examiner. Reported that SIREG filed a notice of intention with the Office of the Superintendent of Bankruptcy on Friday, 2026-09-25, and that no further details could be confirmed before its deadline.

KEILTY has not been able to confirm the filing in the Superintendent's own records. We will update this page as we confirm more.

Sources: CBC News, 2026-09-23, CP24, 2026-09-21 and The Peterborough Examiner, updated 2026-09-28, all read 2026-09-28.

Do I still own my unit?

Yes. If you bought a condominium unit, title is registered in your name, and an agreement with SIREG or anyone else does not change that. CBC News reported that SIREG itself told owners their ownership "remains secure".

What needs protecting is not the title but everything attached to it: the income, the occupant's tenancy, the condo fees, the insurance and the tax account. Four practical steps:

Confirm your title. Order a copy of the parcel register for your unit through ServiceOntario's OnLand service. It shows who holds title and anything registered against the unit, such as a mortgage or a condominium certificate of lien.
Keep your mortgage current. If payments are not arriving, speak to your lender early rather than after a missed payment.
Start a paper file. Keep every letter and email from SIREG, and send your own requests in writing so there is a dated record. Email is often the notice method in these agreements, so save sent and received copies.
Make sure the condominium corporation can reach you directly, at your own mailing address and email, not only through SIREG.

Can I end my SIREG agreement?

Possibly, but not on your own, and probably not quickly. The answer depends on your agreement, and a reported insolvency filing could change it. Get independent legal advice before you send anything.

Start with the agreement: the term, the renewal date, who may end it and how, how notice must be given, and what happens to money, keys and records at the end. The agreements owners have shown us give owners very limited rights to end early, as the next section explains.

Then the reported filing. If SIREG has filed a notice of intention, federal insolvency law may limit when and how an agreement with SIREG can be ended. Ask your lawyer about that before you send a termination notice.

What do SIREG owner agreements usually say?

In the agreements owners have shown us, SIREG leases your unit from you for a fixed monthly payment and rents it to the occupant, which makes SIREG the occupant's landlord. Yours may differ, so read your own.

What we have seen in the standard form owners shared with us:

A lease to SIREG. SIREG is named as the tenant of your unit, and the occupant is SIREG's subtenant. You are paid by SIREG, not by the occupant.
No contact with the occupant. The owner agrees not to contact the occupant, directly or through anyone else, without SIREG's written consent, and SIREG is not required to give it.
Term and renewal. Two years from the date you became the owner, renewing for a further year unless the owner gives written notice at least 60 days before the two years end.
Who can end it. SIREG can end the agreement at any time. The owner has no general right to end it early. The one exit we have seen is written notice of an intention to list the unit for sale, which ends the agreement and leaves the owner collecting the occupant's actual rent directly.
Payment schedule. SIREG pays on the 15th of each month for the previous month, after deducting condo fees (which SIREG pays to the corporation), a monthly repair and vacancy fund charge, and insurance where SIREG arranged it.
Deposits. SIREG holds the occupants' last month's rent deposits.
Other terms. A broad indemnity in SIREG's favour, a clause restricting the owner from making negative statements about SIREG, and email as the default way to give notice.

Watch the 15th. The next payment date to watch each month is the 15th. If a payment is missed or short, log it in writing the same day: the date it was due, the amount you expected, the amount you received, and a short email to SIREG confirming it. Keep a copy for your lawyer.

What records should I ask SIREG for?

Ask for everything a new manager, or you, would need to run the unit from the first day. Put the request in writing, by email if that is your agreement's notice method, and ask for a date by which it will be delivered. If a proposal trustee is involved, your lawyer may direct requests there instead.

Record	Why you need it
Your agreement with SIREG and any amendments	Shows whether it is a lease to SIREG, the term, the renewal date and how notice is given
The occupant's current lease with SIREG	Sets the actual rent, the term and what is included
Occupant names and contact details	Needed later for proper written notices. Many agreements restrict owner contact, so get legal advice before you use them
Rent ledger	The rent the occupant actually paid, and what SIREG paid you each month, so the next month starts from a known balance
Last month's rent deposit and interest record	SIREG holds these under the agreements we have seen. The deposit belongs to the tenancy and must be applied to the last rental period
Keys, fobs, parking and mailbox access	Access for repairs, inspections and emergencies
Open maintenance items	Outstanding repair requests and any work already ordered
Money held for you	Payments owed and not paid, deposits, and any repair and vacancy fund balance, with a written statement of each

What a complete owner statement and rent ledger should look like is set out in our guide to property management financial reporting in Ontario. A printable checklist of these records is at the end of this page.

What if SIREG doesn't hand the records over?

You can rebuild some of the file from other sources, but not by going around your agreement. Money SIREG holds on your behalf is a matter for your lawyer.

The occupant has their lease, but ask only if your agreement allows it. Under section 12(2) of the Residential Tenancies Act, 2006, a landlord must give the tenant a signed copy of a written tenancy agreement within 21 days, so the occupant should hold one. Many SIREG agreements prohibit owners from contacting the occupant, directly or indirectly, without SIREG's consent. Ask the occupant for anything only if your agreement permits contact, and only after legal advice.
Your condominium corporation may hold lease information. Under section 83 of the Condominium Act, 1998, an owner who leases a unit must notify the corporation and give it the lessee's name and a copy or summary of the lease, and the corporation must keep a record of those notices. Where your unit is leased to SIREG, that record may name SIREG as the tenant rather than the occupant. Ask the corporation what it has on file for your unit.
Your own statements and bank deposits. Past statements and the deposits into your account let you reconstruct what SIREG paid you month by month.
Money held by SIREG. Unpaid amounts, deposits and any fund balance are for your lawyer to pursue. Do not try to recover them from the occupant.

Can I tell my tenant to pay rent to me or a new manager?

Not while SIREG is the tenant. Where your agreement leases the unit to SIREG, the occupant's tenancy is with SIREG and the occupant owes rent to SIREG. That cannot be redirected to you or a new manager until your lease to SIREG has ended on your lawyer's advice, and the reported insolvency filing adds limits on how and when that can happen.

The occupant has done nothing wrong and should never be pressured, rushed, or left unsure about where the rent goes. Asking them to pay you early could leave them paying twice or paying no one, and could put you in breach of your own agreement.

When your lawyer confirms that point has been reached, one written notice is far better than several conversations. It should come from you as the owner, give your legal name and the address to be used for notices, say exactly where and how rent is to be paid and from which month, and give the occupant a way to confirm the change is genuine. If a new manager is taking over, the notice should say so and name them. Frankly, a calm and well-documented handover protects your income better than speed does.

What happens to my tenant?

The occupant's tenancy and protections continue either way. Where your unit is leased to SIREG, SIREG is the occupant's landlord. A change in who manages your unit, or in your arrangement with SIREG, does not change the occupant's rent, term or rights under the Residential Tenancies Act, 2006.

The tenancy continues. Section 37(1) of the Act says a tenancy may be terminated only in accordance with the Act. A change of manager is not a ground to end it.
Who the landlord is. Section 2(1) defines "landlord" to include the owner of a rental unit or any other person who permits occupancy of it. Under a lease to SIREG, SIREG is the one permitting occupancy. How the Act treats you as owner in that arrangement is a question for your lawyer.
The last month's rent deposit stays with the tenancy. Section 106(10) requires a landlord to apply a rent deposit paid to the landlord or to a former landlord to the last rental period before the tenancy ends, and section 106(6) requires annual interest on it. Ask your lawyer how this applies when SIREG holds the deposit.

Are my condo fees being paid?

Check with the condominium corporation directly. In the agreements owners have shown us, SIREG deducts condo fees from the owner's payment and pays them to the corporation, and one owner told CBC News that her monthly fee to SIREG covered condo fees. So do not assume they have been paid.

Arrears can become a lien. Under section 85(1) of the Condominium Act, 1998, if an owner defaults on common expenses, the corporation has a lien against the unit for the unpaid amount, plus interest and reasonable collection costs. Under section 85(2), that lien expires three months after the default unless the corporation registers a certificate of lien.
The corporation can collect from the occupant. Under section 87(1), if an owner who has leased a unit defaults on common expenses, the corporation may give the lessee written notice requiring them to pay the corporation the lesser of the amount in default and the rent due. Section 87(3) requires the corporation to give the owner a copy of that notice.

If there are arrears, speak to your lawyer and the corporation promptly. Bringing them current is often the quickest way to protect the unit, and who should have paid them can be sorted out afterwards.

How do I check my condo fees without relying on SIREG?

Order a status certificate for your unit from the condominium corporation. It is the corporation's own written statement of what is owing on your unit, and it does not depend on anything SIREG tells you.

Anyone can ask. Section 76(1) of the Condominium Act, 1998 requires the corporation to give a status certificate to each person who requests one for a unit.
What it shows. Among other things, the common expenses for the unit and any default in paying them, and any assessments levied against the unit since the current year's budget.
How long it takes. Under section 76(3), the corporation must give it within 10 days after receiving the request and the fee.
What it costs. The fee cannot exceed $100, including all applicable taxes, under section 18(4) of O. Reg. 48/01.

Send the request to the corporation itself, in writing, note the date you sent it and the date you received the certificate, and give a copy to your lawyer.

What about insurance and property tax?

Confirm both are in your name and current. One owner told CBC News that owners were responsible for insurance and municipal taxes, and in the agreements owners have shown us, SIREG deducts insurance only where SIREG arranged it.

Insurance. Call your broker or insurer, confirm the policy on the unit is in force and in your name, and that it is written for a rented condominium unit. If SIREG arranged it, ask for the policy details in writing.
Property tax. Check the tax account with the municipality where the unit is located and confirm it is in your name, paid, and sending bills to your own address.
Utilities billed to the unit. If any utility account for the unit is in your name, confirm it is current and that bills come to you.

What if SIREG enters insolvency proceedings?

The Peterborough Examiner reported on 2026-09-28 that SIREG filed a notice of intention with the Office of the Superintendent of Bankruptcy on 2026-09-25. KEILTY has not confirmed it in the Superintendent's records. If it has been filed, it may affect what you and other people owed money by SIREG can do, so do not send a termination notice or take other action against SIREG without legal advice.

What to watch for: a written notice from a licensed insolvency trustee, a receiver or a monitor, or a notice of a court proceeding naming the company. If you receive anything of that kind, keep it, note the date it arrived, read any deadlines it sets, and send a copy to your lawyer before you act on it. The Office of the Superintendent of Bankruptcy offers a public insolvency name search, for a fee, that shows whether a Canadian insolvency filing exists.

Questions to take to your lawyer

Take your agreement, your payment log and these questions to an Ontario lawyer. Owners who act together can share the cost of that advice.

Is my agreement a lease of my unit to SIREG, or a management agreement?
Does the Residential Tenancies Act, 2006 apply to SIREG's lease from me, and what remedies follow if SIREG does not pay?
Does a missed or short payment let me end the agreement, and how would an insolvency filing by SIREG change that?
What does the no-contact clause stop me from doing, and when does it stop applying?
Does notice of an intention to sell still end the agreement now, and what happens to the occupant's tenancy if I give it?
Is my renewal date coming up, and should I give written notice of non-renewal now?
How do I recover money SIREG holds, including unpaid amounts, last month's rent deposits and any fund balance?
What do the indemnity and non-disparagement clauses mean for me?
If SIREG is in insolvency proceedings, do I need to file a claim, and by when?
Should I act with other owners to share legal costs?

Will my income change if I switch managers?

Probably, and it is better to plan for that now. Under the agreements owners have shown us, SIREG pays a fixed monthly amount set by the agreement, which may be higher than the rent the occupant actually pays. With any new manager, your income is based on the rent the occupant actually pays, less the management fee and real costs such as condo fees, insurance and repairs.

The occupant's actual rent is on their lease with SIREG, which is one more reason to request it. Once you have it, run the numbers in our rental income calculator before you decide anything.

SIREG buildings in Brockville

SIREG Management Inc. converted fourteen apartment buildings in Brockville to condominiums, about 362 units in total. Brockville City Council granted final approval for 1-4 Balmoral Place on 2025-04-08, and for Cartier Court and Kensington Parkway on 2025-06-10.

Addresses	Final approval
1, 2, 3 and 4 Balmoral Place	2025-04-08
4, 6, 8, 10, 12, 14 and 16 Cartier Court	2025-06-10
1390, 1400 and 1410 Kensington Parkway	2025-06-10

Sources: The Brockvilleist reports of the council decisions on 2025-04-08 and 2025-06-10, and of the 2024-07-23 council presentation (14 buildings, 362 units). Read 2026-09-28.

Which SIREG cities does KEILTY serve?

SIREG's own website lists rental properties in about 20 Ontario cities. KEILTY serves two of them today for SIREG condo owners: Brockville and St. Catharines.

Kitchener, Waterloo, Hamilton and Brantford are markets KEILTY is watching but does not serve yet. Each of those pages has a waitlist, and we contact everyone on it the day we open.

Own SIREG units in several cities? Book a call about the units in the cities we serve, and join the waitlist for the rest.

Source: SIREG Management Inc. website, city listings read 2026-09-28. KEILTY's service area is on our locations page.

How KEILTY helps SIREG owners

KEILTY manages individually owned rental units for their owners. We already manage 35 rental units across 12 addresses in Brockville, including individually owned condominium units, with local vendors in place. We manage the rental of your unit only. We do not manage condominium corporations and do not hold a condominium management licence.

How onboarding works once you and your lawyer are ready:

A call with A.J. We go through what you own, what records you have, and where your agreement with SIREG stands.
Your records. We tell you what is missing from the list above and help you rebuild your payment history from your own statements.
Your agreement with us, signed only after your lawyer confirms your arrangement with SIREG has ended or can be ended.
One clear letter to the occupant, from you, introducing KEILTY and explaining how to pay rent, sent only when your lawyer confirms it is the right time.
Set-up. Rent collection into a trust account, your owner portal, and the lease notice to your condominium corporation.
An inspection of the unit, and any open maintenance items handed to our local vendors.

Our single-family and condo unit fees, exactly as listed on our single-family rental page:

Service	Fee
Full Service management	$149 + HST / unit / month
Lease-Up, only if the unit needs a new tenant	1 month's rent + HST
Lease renewal	25% of one month's rent, when an existing resident signs a new fixed-term lease
Onboarding and property setup	$190 per owner bank account, plus $375 per property unit type, plus HST, one-time
Maintenance coordination	10% of invoice
Operating float	Not a fee. The greater of $1,000 or one month's operating expenses, held in the trust account. It stays your money.

A one-year agreement that renews automatically, and you can cancel at any point on 60 days written notice. How management fees are structured across Ontario is explained in our guide to property management fees in Ontario, and what a manager does day to day in our property management guide.

For your lawyer's review

SIREG owner checklist

KEILTY Realty Management, keilty.com/sireg-owners-guide, 2026-09-28. Tick each item as you go and bring this page to your lawyer.

1. Records to request from SIREG, in writing

Your agreement with SIREG and any amendments
The occupant's current lease with SIREG
Occupant names and contact details (do not use them without legal advice)
Rent ledger: rent the occupant paid, and what SIREG paid you each month
Last month's rent deposit and interest record
Keys, fobs, parking and mailbox access
Open maintenance items
Written statement of money held for you, including any repair and vacancy fund balance

2. Condo fees and the unit

Status certificate requested from the corporation (date sent: __________, date received: __________; fee of no more than $100 including taxes, due within 10 days of request and fee)
Parcel register ordered through OnLand
Insurance confirmed in force and in your name
Property tax account confirmed in your name and paid

3. Payment log

Each month on the 15th: date due, amount expected, amount received, email to SIREG confirming any shortfall
Any notice from a trustee, receiver or court kept, dated and sent to your lawyer

4. Questions for your lawyer

Is my agreement a lease to SIREG or a management agreement?
Does the Residential Tenancies Act, 2006 apply to SIREG's lease from me, and what remedies follow if SIREG does not pay?
Does a missed or short payment let me end the agreement, and how would an insolvency filing change that?
What does the no-contact clause stop me from doing, and when does it stop applying?
Does notice of an intention to sell still end the agreement, and what happens to the occupant's tenancy?
Is my renewal date coming up, and should I give non-renewal notice now?
How do I recover money SIREG holds, including deposits and any fund balance?
What do the indemnity and non-disparagement clauses mean for me?
If SIREG is in insolvency proceedings, do I need to file a claim, and by when?
Should I act with other owners to share legal costs?

Common questions from SIREG owners

Do I still own my condo unit if SIREG stops paying?

Yes. If you bought a condominium unit, title is registered in your name, and an agreement with SIREG does not transfer ownership. CBC News reported on 2026-09-23 that SIREG told owners their ownership remains secure. You can confirm title and anything registered against the unit by ordering the parcel register through ServiceOntario's OnLand service.

Is SIREG my tenant's landlord?

In the agreements owners have shown KEILTY, yes. The owner leases the unit to SIREG for a fixed monthly payment and SIREG rents it to the occupant, which makes SIREG the occupant's landlord. Your agreement may differ, so read your own and ask a lawyer.

Can I contact the occupant of my SIREG unit?

Check your agreement first. The agreements owners have shown KEILTY prohibit the owner from contacting the occupant, directly or indirectly, without SIREG's written consent. Do not contact the occupant unless your agreement permits it and your lawyer agrees.

Can I cancel my SIREG agreement?

Read the term, renewal and termination clauses first, and get independent legal advice before giving notice. In the agreements owners have shown KEILTY, SIREG can end the agreement at any time but the owner has no general right to end it early, apart from written notice of an intention to list the unit for sale. A reported insolvency filing could also affect this, so ask your lawyer first.

When does SIREG pay owners?

In the agreements owners have shown KEILTY, SIREG pays on the 15th of each month for the previous month, after deducting condo fees, a monthly repair and vacancy fund charge, and insurance where SIREG arranged it. Log any missed or short payment in writing the same day.

What records should I ask SIREG for?

Your agreement and any amendments, the occupant's current lease with SIREG, occupant contact details, the rent ledger, the last month's rent deposit and interest record, keys and fobs, open maintenance items, and a written statement of any money held for you. Ask in writing and give a date for delivery.

Can I ask my tenant to pay rent to me instead of SIREG?

Not while SIREG is the tenant. Where your agreement leases the unit to SIREG, the occupant owes rent to SIREG under their own tenancy, and that cannot be redirected until your lease to SIREG has ended on your lawyer's advice. When that point is reached, send one clear written notice from you as owner. The occupant should never be pressured or left unsure about where to pay.

Does my tenant's lease change if I change property managers?

No. The occupant's tenancy continues on its existing terms. Under section 37(1) of the Residential Tenancies Act, 2006, a tenancy may be terminated only in accordance with the Act, and section 106(10) requires a rent deposit paid to the landlord or a former landlord to be applied to the last rental period.

How do I check whether my condo fees are paid?

Order a status certificate from the condominium corporation. Under section 76 of the Condominium Act, 1998, the corporation must give one to any person who asks, within 10 days after receiving the request and the fee, and it states the common expenses for the unit and any default. The fee cannot exceed $100 including taxes under section 18(4) of O. Reg. 48/01.

What happens if my condo fees were not paid?

Under section 85 of the Condominium Act, 1998, unpaid common expenses give the condominium corporation a lien against the unit, which expires three months after the default unless the corporation registers a certificate of lien. Under section 87, the corporation may also require the lessee to pay it the lesser of the arrears and the rent due. Ask the corporation in writing whether your unit is paid up.

Has SIREG filed for insolvency?

The Peterborough Examiner reported on 2026-09-28 that SIREG filed a notice of intention with the Office of the Superintendent of Bankruptcy on 2026-09-25. KEILTY has not confirmed the filing in the Superintendent's records. Keep any notice you receive from a trustee or court and send it to your lawyer before you act.

Will my income change if I leave SIREG?

Probably. Under the agreements owners have shown KEILTY, SIREG pays a fixed monthly amount that may be higher than the rent the occupant actually pays. With any new manager, income is based on the actual rent collected, less the management fee and real costs.

Which SIREG cities does KEILTY serve?

Of the cities where SIREG lists properties, KEILTY serves Brockville and St. Catharines. Kitchener, Waterloo, Hamilton and Brantford are markets KEILTY is watching, each with a waitlist. KEILTY manages the rental of individual units only and does not manage condominium corporations.

Can KEILTY manage my condo unit in Brockville?

Yes, once your arrangement with SIREG has been dealt with on your lawyer's advice. KEILTY already manages 35 rental units across 12 addresses in Brockville, including individually owned condominium units, with local vendors in place. Full Service management is $149 plus HST per unit per month, as listed on the KEILTY single-family rental page.

Own a SIREG-managed condo and want a plan?

Tell us about your unit through our short evaluation form. A.J. Keilty calls within 20 minutes in business hours (Monday to Friday, 8:30 to 5:30) or at 8:30 the next business day.

Book a SIREG owner call with A.J. → Owner resources