RealPage's YieldStar Allegedly Facilitated Rent Price Coordination Among Canadian Landlords
RealPage’s YieldStar algorithm is alleged to have enabled Canadian landlords to coordinate rental pricing by utilizing sensitive, non-public market data. The software has been accused of contributing to rent increases in non-rent-controlled units through purported collusion and artificial price inflation. Tenants have reported significant rent hikes, which they attribute to landlords' use of the algorithm.
- Date it happened
- 2017-01-01
- Organisation involved
- Woodbourne Capital Management International LP, Tribute Communities, The Rockport Group, TAS Impact, RioCan Living, Rhapsody Property Management Services LLP, GWL Realty Advisors Residential Inc., Fir
- Product, system or model
- YieldStar
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