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NDP wants corporate landlords in Canada probed in wake of US AI lawsuit

Suit alleged potential rent-fixing tied to landlord algorithm
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NDP MP Alexandre Boulerice rises during question period in the House of Commons in Ottawa on Thursday, June 6, 2024. The NDP is asking the Competition Bureau to investigate whether Canadian landlords are using the same AI software that sparked an anti-trust lawsuit in the United States.THE CANADIAN PRESS/Sean Kilpatrick

The NDP is asking the Competition Bureau to investigate whether Canadian corporate landlords are using the same AI software that sparked an antitrust lawsuit in the United States.

The U.S. Justice Department filed the lawsuit last month against real estate software company RealPage Inc., accusing it of an illegal scheme that allows landlords to co-ordinate to hike rental prices.

The lawsuit, filed alongside attorneys general in states including North Carolina and California, alleges the company is violating antitrust laws through its algorithm that landlords use to get recommended rental prices for millions of apartments across the country.

NDP MPs Alexandre Boulerice and Brian Masse sent a letter to commissioner Matthew Boswell asking the bureau to launch a probe into whether Canadian landlords have used the same software, YieldStar.

91裸聊视频淐anadians deserve answers to how the use of algorithmic pricing tools is contributing to rent increases and how pervasive this practice is across the Canadian rental market,91裸聊视频 the letter dated Sept. 10 said.

A spokesman confirmed the bureau had received the letter but said he91裸聊视频檚 unable to confirm whether it is or will be investigating the matter.

91裸聊视频淭he bureau must conduct a thorough and complete examination of the facts regarding any issue before reaching any conclusion as to whether the Competition Act has been contravened,91裸聊视频 said Emmanuel Morin in an email.

91裸聊视频淚f we find evidence of activities that could raise concerns under the law, the bureau will take action. 91裸聊视频

Rents in Canada have skyrocketed over the last couple of years, adding to affordability concerns in the country.

According to the latest report from Rentals.ca and Urbanation, average asking rents in August rose 3.3 per cent from last year 91裸聊视频 the slowest annual pace in almost three years 91裸聊视频 to $2,187.





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