Landlords using software from companies like RealPage and Yardi in Canada aren’t violating the Competition Act, the federal watchdog concluded. But the bureau warned landlords about using “algorithmic pricing tools” that pool proprietary data from multiple customers. (The Logic)
Talking point: A similar case in the United States remains before the courts, though the Department of Justice and a corporate landlord that used RealPage have reached a deal that will see the landlord promise not to use pricing tools that draw on competitors’ data. It and other landlords (including Brookfield) are also paying tens of millions of dollars to settle a class action. In another case focused on Nevada, a settlement said RealPage can use non-public data but only if it’s at least three months old and draws on at least 10 properties. Competition commissioner Matthew Boswell has told The Logic that because the Competition Act focuses on what people, not algorithms, do, AI-driven collusion is a gap in the law.