Toronto Metro Area Pay Trends

Updated

In addition to being Canada’s largest city, Toronto is home to the Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montréal, and the Canadian Imperial Bank of Commerce, otherwise known as The Big Five. Media and communications, in addition to manufacturing and distribution, also play a large role in Toronto’s economy.

Wage Growth for Toronto Metro Area, Q1 2019

0.3%

since last quarter

1.8%

year over year

13.4%

since 2006

SEE METHODOLOGY

The PayScale Index: Toronto Metro Area20172018% Change Since 20068.0%8.5%9.0%9.5%10.0%10.5%11.0%11.5%12.0%12.5%13.0%13.5%14.0%) Toronto Metro Area© 2019 PayScale, Inc.

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Methodology for The PayScale Index: Trends in Compensation

The PayScale Index tracks quarterly changes in total cash compensation for full-time, private industry employees and education professionals in Canada. The PayScale Index uses 2006 average total cash compensation as a baseline.

See full methodology for compensation trend reports.