Toronto Vs Canada

So I'm planning on getting a permanent residency in Canda, but unable to decide between the 2 cities. Through my research online I've come to a conclusion that Toronto is the hub of financial activities and cost of living is much lower than Vancouver. So odds of choosing where to live lies with Toronto. But I'd like to know why would a person choose to live in Vancouver instead of Toronto. Also, how does passing all 3 levels of the CFA help in establishing a career in either of the cities?

 
Most Helpful

How have you established that Vancouver is a lower COL? The real estate market there is just as if not crazier than Toronto due to lower supply at still very high demand (Asian investors) . COL as a whole might be a bit cheaper than TO but it's very marginal. Doesn't really offset having much more career opportunities in TO.

Having only lived in Toronto for a year being from the US originally, I absolutely have loved it. Could not recommend it more. Great restaurants, nightlife, sports, Reminds me a lot of Chicago from the feel (architecture, Midwestern, on a lake) with a touch of NYC from the international flair (50% of the city is born outside of Canada).

As for who chooses to live in Vancouver, I have family and family friends in BC and they are all self-employed as business owners or in real estate.

 

Vancouverite here. Stay the fuck away from this city if you want a decent finance career. It's almost non existent compared to Toronto. There are only a handful of large corporates with actual "finance" department. Investment management field is very small and the only large pension fund (BCI) is based out of butt fuck nowhere called Victoria. Most finance jobs in this city are basically accounting jobs doing financial reporting. Obviously, the climate is way worse in tdot but at least you will have a better chance of having a solid finance job instead of being paid below average in Vancouver with insane real estate prices.

If anything, you have a better shot of getting a good job and relocate to Vancouver after you have acquired more experience in Toronto.

 

A few comments. Toronto cost of living is a bit lower than Vancouver, but both cities fare extremely poorly on any affordability measure. Vancouver is the 4th most expensive housing market in the word while Toronto is 11th. While the Toronto job market is more diversified and better (they are hardly any high paying jobs in Vancouver), comp in general and in the finance sector is still way way lower than comparable markets (and that's even before adjusting for the weakness of the CAD and the 53% income tax rate). To give you an example of messed up the housing marking is, breaking the 1% income threshold (~$235K) is barely enough (assuming no other debt) to quality to buy the average house (~$1mm).

 

Ex quia quia tenetur sequi quia impedit dolorem. Consectetur voluptatem quia voluptas. Iste alias minus in praesentium qui doloremque. Quos distinctio eum temporibus quasi.

Quam eligendi ducimus dolorem dolore eius minima error. Voluptatem est eveniet expedita exercitationem id porro fugit. Quaerat laboriosam praesentium consequatur ad. Ut vel illo et voluptas et autem cumque. Optio enim asperiores minima autem. Officia non praesentium ut quisquam. Ut enim pariatur odio maxime neque.

Repudiandae eum laborum est qui soluta consequatur dolorem aut. Est quos sunt voluptatem sed ducimus. Ducimus aspernatur commodi quasi est aut minima. Ut repellat aut quia quos velit eum rem. Quaerat tempora commodi qui voluptatem repellat qui. Nostrum et vitae sit nisi.

Quia quam soluta blanditiis dolorem nam dicta. Omnis id nesciunt et nisi. Et reiciendis quis explicabo ducimus. Dolores labore occaecati quo ut consequatur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”