RealPage's YieldStar Allegedly Facilitated Rent Price Coordination Among Canadian Landlords
Description
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.
Actors
Alleged Deployers
- woodbourne-capital-management-international-lp
- tribute-communities
- the-rockport-group
- tas-impact
- riocan-living
- rhapsody-property-management-services-llp
- gwl-realty-advisors-residential-inc.
- first-capital-real-estate-investment-trust
- edgar-development-corp.
- dream-unlimited-corp.
- core-development-group-ltd.
- choice-properties-real-estate-investment-trust
- canadian-property-managers-using-yieldstar
Alleged Developers
- realpage
Harmed Parties
- tenants-in-canada
- tenants
- public-trust-in-the-rental-market
- economically-vulnerable-tenants-in-canada
- cynthia-black
- economically-vulnerable-people
- economically-vulnerable-tenants
Classification
Risk Domain
Malicious Actors & MisuseRisk Subdomain
4.3. Fraud, scams, and targeted manipulation
MIT Risk Profile
Source
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