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Canadian mega landlord using AI 'pricing scheme' as it hikes rents

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Dream Unlimited, a major Canadian landlord, has faced accusations of using AI software, YieldStar, to advise on rent increases, leading to massive rent hikes. The U.S. government is currently suing the software's developer, alleging it facilitates collusion among landlords to artificially inflate rents, which could violate century-old antitrust laws. Tenants at properties of Dream Unlimited in Toronto have been significantly burdened by these rent increases, and some organized a rent strike.

  • Dream Unlimited controls $25 billion in assets.
  • YieldStar software is accused of enabling landlords to inflate rents.
  • U.S. government filed a lawsuit against the software creator.
  • Ontario's rent control laws were bypassed for buildings after 2018.
  • Tenants organized a rent strike against Dream Unlimited.