I wouldn't discount the role of tightening US immigration policy either. Starting with the last administration H-1B admissions plummeted: processing times and r

I wouldn't discount the role of tightening US immigration policy either. Starting with the last administration H-1B admissions plummeted: processing times and rejection rates skyrocketed. It's now dicier than ever to come to the US on a H-1B visa. And despite rhetoric to the contrary the current administration seems intent on upholding these changes - processing for H-1Bs is still nowhere near historical norms. It used to be that major tech cos would "park" people in Canada to wait for their US visas to clear. I suspect these changes are causing companies to rethink the "wait for US visas" part of the sentence. The more people FAANG parks in Canadian cities the more we will see FAANG-type compensation in those cities.