A proposed class-action lawsuit alleges more than a dozen landlords and property managers have conspired to artificially inflate rents across Canada. The suit claims they did it by using a piece of software called YieldStar.A tenant protests outside the Competition Bureau in Toronto earlier this year, part of a group demanding an investigation into landlords’ use of rental software alleged to be used for price-fixing.
RealPage, which is also named in the proposed Canadian suit, has told CBC its software is designed to be "legally compliant" and that it will "vigorously defend itself" in court.In August, the U.S Department of Justice sued Realpage Inc., alleging its software YieldStar allowed landlords to artificially inflate rents.
This issued claim is the first step before a class action is certified in court, which Tanel says is still months away.Associated Property Management Ltd.During a CBC investigation in October into the use of YieldStar in Canada, GWL Realty Advisors — a division of Canada Life — said they had used the software but that "after an internal review" decided to "terminate the use of YieldStar.
Canadian Apartments Property REIT told CBC in an email, "We have not, are not, and will never use" Yieldstar, and that it will be seeking to have this "action dismissed."Tanel said as the investigation moves forward, some companies will likely be added, while others will be taken off the list. But that changed when she heard about the FBI investigation of RealPage, which alleged the company was involved in collusion, price-fixing and artificially inflating rents across the U.S., and led to the DOJ lawsuit.
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