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By Staff The Canadian Press
Posted September 20, 2024 2:11 pm
1 min read
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Latest rental information paints a not-so rosy representation of lodging affordability successful B.C.
The NDP is asking the Competition Bureau to analyse whether Canadian landlords are utilizing the aforesaid AI bundle that sparked an antitrust suit successful the United States.
The U.S. Justice Department filed the suit past period against existent property bundle institution RealPage Inc., accusing it of an amerciable strategy that allows landlords to coordinate to hike rental prices.
The lawsuit, filed alongside attorneys wide successful states including North Carolina and California, alleges the institution is violating antitrust laws done its algorithm that landlords usage to get recommended rental prices for millions of apartments crossed the country.
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NDP MPs Alexandre Boulerice and Brian Masse sent a missive to Commissioner Matthew Boswell asking the bureau to motorboat a probe into whether Canadian landlords person utilized the aforesaid software, YieldStar.
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Rents successful Canada person skyrocketed implicit the past mates of years, adding to affordability concerns successful the country.
According to the latest study from Rentals.ca and Urbanation, mean asking rents successful August roseate 3.3 per cent from past twelvemonth — the slowest yearly gait successful astir 3 years — to $2,187.
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