Summary:
- The article discusses how a major Canadian real estate company, Starlight Investments, is using AI-powered pricing algorithms to automatically raise rents on its properties.
- The AI system analyzes factors like market conditions, demand, and competitor pricing to set rental rates, often leading to significant rent hikes for tenants.
- Experts criticize this practice as contributing to the ongoing housing affordability crisis in Canada, as it allows landlords to maximize profits at the expense of renters.