2026 Salary Data · Toronto, Canada

Product Manager Salary in Toronto

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

$133K
Median Total Comp
-28%
vs National Avg
high
Cost of Living
2,200+
Product Roles

How Much Does a Product Manager Make in Toronto?

Product Managers in Toronto earn a median of $133K 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 $112K (25th percentile) to $166K (75th percentile).

Salaries in Toronto are denominated in local currency. The $133K figure is a USD equivalent based on purchasing power parity. University of Toronto and Waterloo provide a top-tier AI talent pipeline.

$97K$180K
P25-P75 Median

AI Specialization Premium in Toronto

Standard PM
$133K
$112K - $166K
AI-Specialized PM
$162K
$137K - $203K

Product Managers with AI/ML experience earn a 22% premium in Toronto. Toronto has a strong AI ecosystem, increasing demand for AI-skilled product talent.

Product Manager Salary by Company Type in Toronto

FAANG / Big Tech
$173K
+30%
Pre-IPO Unicorn
$153K
+15%
Growth Startup (B/C)
$133K
Baseline
Enterprise / Fortune 500
$140K
+5%
Early Startup (Seed/A)
$113K
-15%
Agency / Consulting
$106K
-20%

Top Employers for Product Managers 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
+160%
VP of Product
12+ years
$292K
+120%
Director of Product
10-15 years
$266K
+100%
Staff Product Manager
8-12 years
$227K
+71%
AI Product Manager
3-7 years
$220K
+65%
Platform Product Manager
5-9 years
$198K
+49%

Product Manager Salary in Other Cities

Vancouver, Canada
high cost of living
$130K
-2%
New York City, NY
very-high cost of living
$213K
+60%
Boston, MA
high cost of living
$194K
+46%
London, United Kingdom
very-high cost of living
$148K
+11%
San Francisco, CA
very-high cost of living
$222K
+67%
San Jose, CA
very-high cost of living
$218K
+64%
Seattle, WA
high cost of living
$207K
+56%

Frequently Asked Questions

How much does a Product Manager make in Toronto?+
The median total compensation for a Product Manager in Toronto is $133K, with the 25th to 75th percentile range spanning $112K to $166K. This is 28% below the national average of $185K.
What companies hire Product Managers in Toronto?+
Top employers for Product Managers 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 Managers?+
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 Manager salary in Toronto compare to other cities?+
Toronto pays 28% below the national average for Product Managers. 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 Managers in Toronto earn more with AI experience?+
Yes. The AI specialization premium for Product Managers in Toronto is 22%, bringing the median from $133K to $162K. Toronto has a strong AI ecosystem, which increases demand for AI-skilled PMs.
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