Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents ⋆ The Breach
Software the U.S. government says is illegal gives landlords ability to coordinate rent hikes. Now it’s being used in Canada by developer Dream Unlimited
When Shanice Sharpe moved into a one-bedroom apartment at 22 John St., in the working-class neighbourhood of Weston in the Greater Toronto Area, her rent seemed reasonable. But since 2022, it has shot up nearly 10 per cent each year and she’s currently spending most of her monthly income on housing. “I have three jobs just to pay for my life,” she said. The majority of her fellow tenants have faced similar hikes from the building’s Canadian owner, Dream Unlimited, which has $25 billion in assets. Now, there’s evidence that the real estate developer is getting advice on rent increases from…
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