2026 Salary Data · Toronto, Canada

Product Analyst Salary in Toronto

How much does a Product Analyst make in Toronto? Salary data, top employers, and career insights for Product Analysts in the Greater Toronto Area area.

$86K
Median Total Comp
-28%
vs National Avg
high
Cost of Living
2,200+
Product Roles

How Much Does a Product Analyst Make in Toronto?

Product Analysts in Toronto earn a median of $86K in total compensation, 28% below the national average. The cost of living is above average, but Toronto's strength in Fintech creates steady demand for experienced product talent. Salaries range from $72K (25th percentile) to $106K (75th percentile).

Salaries in Toronto are denominated in local currency. The $86K figure is a USD equivalent based on purchasing power parity. University of Toronto and Waterloo provide a top-tier AI talent pipeline.

$62K$120K
P25-P75 Median

AI Specialization Premium in Toronto

Standard Product Analyst
$86K
$72K - $106K
AI-Specialized Product Analyst
$96K
$81K - $119K

Product Analysts with AI/ML experience earn a 12% premium in Toronto. Toronto has a strong AI ecosystem, increasing demand for AI-skilled product talent.

Product Analyst Salary by Company Type in Toronto

FAANG / Big Tech
$112K
+30%
Pre-IPO Unicorn
$99K
+15%
Growth Startup (B/C)
$86K
Baseline
Enterprise / Fortune 500
$90K
+5%
Early Startup (Seed/A)
$73K
-15%
Agency / Consulting
$69K
-20%

Top Employers for Product Analysts in Toronto

ShopifyWealthsimpleRBCTD BankGoogleAmazonUberSnap

Toronto is Canada's largest tech market and growing rapidly, driven by Shopify and a strong fintech cluster. Salaries are in CAD and typically 25-30% below US equivalents. University of Toronto and Waterloo provide a top-tier AI talent pipeline.

FintechE-commerce / MarketplaceAI / Machine Learning

Other Product Roles in Toronto

Chief Product Officer
15+ years
$346K
+302%
VP of Product
12+ years
$292K
+240%
Director of Product
10-15 years
$266K
+209%
Staff Product Manager
8-12 years
$227K
+164%
AI Product Manager
3-7 years
$220K
+156%
Platform Product Manager
5-9 years
$198K
+130%

Product Analyst Salary in Other Cities

Vancouver, Canada
high cost of living
$83K
-3%
New York City, NY
very-high cost of living
$137K
+59%
Boston, MA
high cost of living
$125K
+45%
London, United Kingdom
very-high cost of living
$95K
+10%
San Francisco, CA
very-high cost of living
$143K
+66%
San Jose, CA
very-high cost of living
$140K
+63%
Seattle, WA
high cost of living
$133K
+55%

Frequently Asked Questions

How much does a Product Analyst make in Toronto?+
The median total compensation for a Product Analyst in Toronto is $86K, with the 25th to 75th percentile range spanning $72K to $106K. This is 28% below the national average of $119K.
What companies hire Product Analysts in Toronto?+
Top employers for Product Analysts in Toronto include Shopify, Wealthsimple, RBC, TD Bank, Google. Toronto is Canada's largest tech market and growing rapidly, driven by Shopify and a strong fintech cluster.
Is Toronto a good city for Product Analysts?+
Toronto has a very-strong product job market with approximately 2,200+ open product roles. The cost of living is high. Strong industries include Fintech, E-commerce / Marketplace, AI / Machine Learning.
How does Product Analyst salary in Toronto compare to other cities?+
Toronto pays 28% below the national average for Product Analysts. For comparison, San Francisco pays +20%, New York pays +12%, and Austin is the baseline. Similar markets include Vancouver, New York City, Boston, London.
Do Product Analysts in Toronto earn more with AI experience?+
Yes. The AI specialization premium for Product Analysts in Toronto is 12%, bringing the median from $86K to $96K. Toronto has a strong AI ecosystem, which increases demand for AI-skilled PMs.
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