"Toronto also ranked as one of the best-value markets for tech firms to operate their business when it comes to cost and quality of talent, second only to Vancouver."
I suppose the above quote means Toronto still has lower than average tech salaries.
"Toronto ranks as North America’s fourth largest tech talent market, with over 212,000 tech workers, representing an increase of 32% over the past five years. Tech talent comprises 8.0% of all workers in 2016, up from 6.9% in 2015. Toronto also ranked third among large markets in millennial population growth, an important source of tech talent, increasing its millennial pool 9.5 per cent from 2010 to 2015."
I wonder how they're defining tech talent. People in the industry generally wouldn't consider software developers and IT staff to be in the same category. Silicon Valley is the largest tech Centre in North America, and that's not because they have hundreds of thousands of IT staff. I suspect most of Toronto's tech workers are in support positions, rather than engineering.