Product Manager Salary in Toronto (2026)
Quick Answer
How much does product manager in Toronto make?
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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.
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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 45/100 means relatively affordable living costs compared to major tech centers. A CA$108,581 median gives product manager professionals here strong purchasing power that stretches further than the same salary in cities like San Francisco or Zurich.
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 |
|---|---|---|---|
| Frontend Engineer | Toronto | CA$75,000 - CA$150,000 | CA$120,000 |
| Software Engineer | Toronto | CA$50,000 - CA$270,000 | CA$128,750 |
| ML Engineer | Toronto | CA$110,000 - CA$175,000 | CA$135,000 |
| Full Stack Developer | Toronto | CA$90,000 - CA$150,000 | CA$102,866 |
| Senior Product Manager | Dortmund | €68,000 - €105,000 | €82,000 |
| 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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Data Source & Methodology
Salary data for product manager in Toronto is compiled from multiple verified sources including:
- Public salary reports from major tech employers (FAANG, Fortune 500, and high-growth startups)
- Government labor statistics and occupational wage surveys
- Aggregated self-reported compensation data from verified professionals
- Job posting analysis from major tech job boards and company career pages
All figures represent base salary in CAD and are normalized to annual equivalents. Ranges reflect the 25th to 75th percentile of reported compensation, while median values represent the 50th percentile. Data is updated quarterly to reflect current market conditions.
Last updated: April 2026 | Sample size: Varies by role and location (minimum 30 data points required for publication)