BiasHigh
RealPage's YieldStar Allegedly Facilitated Rent Price Coordination Among Canadian Landlords
- Occurred
- Jan 1, 2017
- Published
- Dec 3, 2024
- Source
- AI Incident Database
Summary
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.
Developers
- RealPage
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
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
Category confidence: 85%
Severity confidence: 80%
Rationale: Algorithm allegedly enabled price coordination and rent inflation, causing significant financial harm to tenants.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8