Suit alleged potential rent-fixing tied to landlord algorithm
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 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. “Canadians 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,” the letter dated Sept. 10 said.
“The 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,” said Emmanuel Morin in an email.
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