I have not done a rigorous investigation, so YMMV, but what I would say is that Sturgeon's Revelation is at work here. 90% of tech companies are crud. They're

I have not done a rigorous investigation, so YMMV, but what I would say is that Sturgeon's Revelation is at work here. 90% of tech companies are crud. They're froth, undercapitalized, built to flip but doomed. Which is fine, but if we try to measure the mean or median wages while including all of them, we'll get numbers that are ridiculous in any location. I believe that if we filter down to "good" companies, by some hand-wavey definition of good—Pedigree of founders, pedigree of VCs, existence of a working revenue model, whatever—we'll get the US companies that open Canadian offices plus a bunch of decent Canadian companies. Same in SF, we'll get the obvious big companies plus lots of properly good companies. It could well be that good SF companies out-pay good Toronto companies, it would be wrong to compare my employer to a startup operating on angel fumes in either location. We compete with companies like Amazon, Google, and Shopify for talent. But it could also be that we do pretty well against such companies. We work hard to make sure that our pay is competitive, and we are trying our damndest to grow our Toronto office even more.