OTTAWA — The Competition Bureau has confirmed it's investigating the possible use of AI-driven algorithmic pricing in Canadian real estate rental markets.
It might not be enforced but an industry using a single set of pricing guidelines is a cartel and that level of collusion is illegal. This has been litigated before in the US - I’m not well versed enough in Canadian history to say whether it’s happened up here as well. This specifically would be a single third party directing price fixing for an industry and is one way people have tried to evade anti-monopoly rules in the past.
It might not be enforced but an industry using a single set of pricing guidelines is a cartel and that level of collusion is illegal. This has been litigated before in the US - I’m not well versed enough in Canadian history to say whether it’s happened up here as well. This specifically would be a single third party directing price fixing for an industry and is one way people have tried to evade anti-monopoly rules in the past.