Cynthia Black's experience with steep rent hikes, driven by the use of YieldStar software, raises concerns about price-fixing practices in rental markets, similar to ongoing investigations in the U.S.
The DOJ's lawsuit against RealPage, which developed YieldStar, underscores the growing scrutiny of rental price algorithms that may facilitate anti-competitive practices among landlords.
The situation reflects a broader trend where tenants, like Black, are unable to negotiate rents due to software-driven pricing decisions, prompting calls for investigations in Canada.
With a group of over a hundred tenants lobbying the Competition Bureau, there's an increasing demand for accountability in how rental prices are determined and the influence of technology.
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