Published 5 days ago • loading... • Updated 4 days ago

Competition Bureau says it’s probing whether landlords are using AI to set rents

The Competition Bureau confirmed it is investigating the possible use of AI-driven algorithmic pricing in Canadian rental markets due to concerns over artificially inflated rents.
An American antitrust lawsuit alleges that companies used RealPage's YieldStar platform to share sensitive rental rate information, leading to price-fixing through collusion.
Liberal leadership candidate Chrystia Freeland stated her intention to ban the use of AI for artificially raising rents.
NDP MP Bonita Zarrillo expressed support for the investigation, stating it will provide transparency about potential rent price fixing.

Insights by Ground AI

Does this summary seem wrong?

15 Articles

All

Left

Center

Right

Global News

Canada’s Competition Bureau investigating if AI is helping set rental rates

'As soon as the renters in the country started, you know, doing some rent strikes, really pushing back, I started speaking to renters all across the country,' Bonita Zarrillo said.

4 days ago·Toronto, Canada

Competition Bureau says it’s probing whether landlords are using AI to set rents

A U.S. lawsuit claims dozens of companies used the Texas-based RealPage’s YieldStar platform to share competitively sensitive information about rental rates to train algorithmic pricing software

5 days ago·Canada

Read Full Article