Canada’s Innovation Minister François-Philippe Champagne announced on Thursday that the federal government will be launching an investigation into the “Yield Star” landlord price-fixing scheme. This comes after widespread reports of landlords in Canada colluding to fix rental prices in an attempt to maximize their profits at the expense of tenants.
The scheme, known as “Yield Star,” has been criticized for its impact on housing affordability in Canada. Many renters have reported being unable to find affordable housing due to artificially inflated rental prices set by landlords participating in the scheme.
Champagne stated during question period that the federal government is committed to ensuring fair and competitive rental markets for Canadians. He emphasized that price-fixing schemes such as “Yield Star” are illegal and will not be tolerated.
The investigation into the “Yield Star” scheme signals the government’s determination to crack down on unfair practices in the rental market. Champagne’s announcement has been met with widespread support from tenant advocacy groups and organizations working to improve housing affordability in Canada.
As the investigation unfolds, many are hopeful that the findings will lead to greater accountability for landlords participating in price-fixing schemes. Tenants across Canada are eagerly awaiting the results of the investigation and are hopeful that it will bring about positive change in the rental market.
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Another liberal cover up
Poilieve's accomplishments in 20 years as MP:
– Voted against measures to make homes more affordable
– Attacked Elections Canada for investigating the Conservatives in-and-out campaign spending scandal that ripped off Canadians for $780,000
– Lied about plans to make groceries more affordable while his top strategy advisor is a lobbyist for Loblaws
– Qualified for his pension at 31 while raising the retirement age from 65 to 67
– Fought against workers to make it harder for them to unionize
– Made it clear he’s willing to use the notwithstanding clause to override Canadians’ Charter rights
– As housing minister, built zero new apartments, supported zero co-ops, and built just six affordable housing units
– Voted against cannabis legalization
– Voted against a one time grocery rebate
– Voted against minimum wage
– Voted against increasing provincial health care transfers to keep pace with growth, and against speeding up Canada Disability Benefit payments
– From 2006-2015, oversaw the worst economy & jobs creation performance of any Canadian govt since WWII, 800,000 affordable homes were lost as the price of housing went up 60%
– Endorsed eliminating capital gains taxes to further enrich the ultra-wealthy
– Clawed back military pensions for injured soldiers and closed 9 Veterans Affairs offices across Canada
– Spent $1 Billion on security for the 3-day 2010 G20 summit in Toronto, where 1,105 arrests were made – the largest mass arrest in Canadian history.
– Voted for a $1.4 Billion tax break for oil companies and slashed childcare spending by $1.2 Billion pay for it
– Turned a blind eye to the 200% increase in opioid-related deaths while he was in government
– Saw Alberta gas prices increase 33% during his 8 years in government, compared to a 30% increase during Trudeau's 8 years in government
– Said he would limit MPs to two terms, although he has now had seven
– Staged an "Axe the Tax" campaign of distraction over a rebatable 17¢ climate initiative as the oil companies broke records with over $50 Billion in annual profit
– Got a $3 million image makeover including contact lenses, makeup and a girdle, and removed his personal profile from the WEF website
– Voted against increasing provincial health care transfers to keep pace with growth, and against speeding up Canada Disability Benefit payments
– From 2006-2015, oversaw the worst economy & jobs creation performance of any Canadian govt since WWII, 800,000 affordable homes were lost as the price of housing went up 60%
– Endorsed eliminating capital gains taxes to further enrich the ultra-wealthy
– Spent $1 Billion on security for the 3-day 2010 G20 summit in Toronto, where 1,105 arrests were made – the largest mass arrest in Canadian history.
– Voted for a $1.4 Billion tax break for oil companies and slashed childcare spending by $1.2 Billion pay for it
– Turned a blind eye to the 200% increase in opioid-related deaths while he was in government
– Saw Alberta gas prices increase 33% during his 8 years in government, compared to a 30% increase during Trudeau's 8 years in government
– Said he would limit MPs to two terms, although he has now had seven
– Mocked Prime Minister Trudeau's teaching career, even though the only job he ever had was a call centre collections agent
– Staged an "Axe the Tax" campaign of distraction over a rebatable 17¢ climate initiative as the oil companies broke records with over $50 Billion in annual profit
– Got a $3 million image makeover including contact lenses, makeup and a girdle, and removed his personal profile from the WEF website
There’s no credibility to NDP’s Singh-nalling.
This guy is a joke. He’s not on the Canadians side bc he and his government created this mess and is trying to clean up the mess they created. Why can’t they get the money back from all of their parties scandals?
SDTC or Arrivescam and many many more scandals
The worst government by far!!!!
Hey dumb dumb – – it was YOUR government that allowed our rents to go soaring skyward. Like he says, though, "We will . . .this and we will that. . ." When? It should have been done years ago. We can't afford this government any more.
Trump just said he stands with Modi and India as so many Canadians also do too ❤
Let's have an independent forensic audit of all MP's from 2015 to present.
Price of food and housing is just a big scam.
Liberals always late to the game. Reactive vs responsive
More investigation more finger pointing more discussion, don't mean much when nothing is enforced or gets done. Talk till your pension kicks in
Canada to investigate business crime? Don’t make me laugh.
🤡 NO IDEA. 🤡
What a load of bunk, Canada needs to reform this useless governmental system, I'm tired of seeing these schoolyard fights, Capitalism always wins, this is all for show, nobody protects us!
If the NDP really cared they would have forced the election by now. Instead they'll keep Sockboy and pals in power until Singh gets his pension.
We have too many foreigners purchasing our residential properties. Anyone who isnt canadian has no business owning a residential property in canada
Champagne & Trudeau gave VW $15B to build EV's, yet they are closing factories in Germany & fire workers. 👎🤦
Where's the investigation into the Arrivescam App? Lieberals
They'll do the lip service and protect their campaign doners. This investigation has to be ultra transparent, or they can get lost and eat it on election day.