Product Manager Salary in Toronto (2026)
In Toronto, Product Managers earn an average annual salary of CA$108,581, with compensation varying based on experience and company size.
Key Facts
- Average Product Manager salary in Toronto is CA$108,581 per year.
- Junior Product Managers earn approximately CA$87,379 annually.
- Senior Product Managers can earn up to CA$166,193 per year.
- Toronto's cost of living index is 67.4.
- Top employers include Google, Shopify, and major Canadian banks.
Salary by Experience Level
- Junior Product Manager: CA$87,379 per year
- Mid-Level Product Manager: CA$102,409 per year
- Senior Product Manager: CA$152,879 per year
- Lead Product Manager: CA$166,193 per year
How Toronto Compares
Toronto's cost of living index is 67.4, higher than cities like Montreal (62.5) but lower than Vancouver (69.5). This reflects a relatively high cost of living, impacting the real value of salaries.
Skills That Command Premium
Proficiency in Agile methodologies, data analysis, and user experience design can significantly enhance earning potential for Product Managers in Toronto.
Work Culture & Benefits
Top companies in Toronto offer comprehensive benefits, including health insurance, flexible work arrangements, and professional development opportunities, contributing to a positive work environment.
Top Hiring Companies
Career Advice
To maximize earning potential, focus on developing skills in Agile methodologies and data analysis. Networking within Toronto's tech community can also open doors to opportunities at top companies.
Product Manager Insights — Toronto
Product Manager salaries in Toronto range from CA$87,379 to CA$166,193, a 73% spread that reflects significant variation based on experience level, specialization, and company size. The median of CA$108,581 sits below the midpoint, suggesting more positions cluster toward the entry-to-mid-level end of the range.
Toronto's cost of living index of 67.4/100 represents moderate living costs. At a median salary of CA$108,581, product manager professionals here enjoy solid purchasing power relative to higher-cost tech hubs.
The hiring landscape for product manager in Toronto is anchored by employers like Google, Shopify, and RBC, along with 2 other notable employers. Larger employers in this market typically offer compensation at the upper end of the range, often supplemented with equity, signing bonuses, and comprehensive benefits.
Demand for product manager in Toronto centers around expertise in Product Strategy, Agile Methodologies, Data Analysis, plus 2 other core competencies. Candidates with strong proficiency across these areas tend to command offers closer to the CA$166,193 ceiling, and have natural transition paths into roles like Product Owner or Project Manager.
Related Roles in Toronto
Explore salary information for similar positions and compare compensation across different roles.
| Role | Location | Salary Range | Median |
|---|---|---|---|
| Software Engineer | Toronto | CA$50,000 - CA$270,000 | CA$128,750 |
| Full Stack Developer | Toronto | CA$90,000 - CA$150,000 | CA$102,866 |
| ML Engineer | Toronto | CA$110,000 - CA$175,000 | CA$135,000 |
| Frontend Engineer | Toronto | CA$75,000 - CA$150,000 | CA$120,000 |
| Product Manager | San Francisco | $124,264 - $248,937 | $175,881 |
| Product Manager |
Product Manager Salaries by City
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Frequently Asked Questions
What is the average salary for a Product Manager in Toronto?
The average salary for a Product Manager in Toronto is CA$108,581 per year.
Which companies are top employers for Product Managers in Toronto?
Top employers include Google, Shopify, RBC, TD Bank, and Scotiabank.
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