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Vancouver rated 2nd most unaffordable cities in the world

How is Vancouver the 2nd most unaffordable cities to live in the world?  A bachelor apartment rents for $1300-1500/month.   In Ontario it costs the same $1300 for a bachelor and even more for a 1 bedroom apartment.   Air bnb rooms can be affordable so I Don’t necessarily believe that Vancouver is the 2nd
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