Physician Salary: Toronto vs Vancouver
Annual median salary comparison (2024). All figures include local currency, USD equivalent, and PPP-adjusted purchasing power.
🇨🇦 Toronto
Canada
CA$207K CAD
$153K USD
$187K PPP
Higher Purchasing Power
VS
USD Difference
+5%
Toronto vs Vancouver
🇨🇦 Vancouver
Canada
CA$198K CAD
$147K USD
$179K PPP
Detailed Comparison
| Metric | Toronto | Vancouver | Difference |
|---|---|---|---|
| Local Currency Salary | CA$207K CAD | CA$198K CAD | — |
| USD Equivalent | $153K | $147K | +5% |
| PPP-Adjusted SalaryWINNER | $187K 🏆 | $179K | +5% |
| 25th Percentile | CA$166K CAD | CA$158K CAD | — |
| Median | CA$207K CAD | CA$198K CAD | — |
| 75th Percentile | CA$259K CAD | CA$248K CAD | — |
| Annual Mean | CA$224K CAD | CA$214K CAD | — |
What Does This Mean?
Toronto offers a Physician salary of $153K USD, while Vancouver offers $147K USD — a difference of +5% in raw terms.
After adjusting for purchasing power parity (PPP), Toronto's salary is worth $187K in US purchasing power terms, versus $179K for Vancouver. This means Toronto offers better real purchasing power for this role.
PPP adjustment accounts for differences in local prices — for example, housing costs 3x more in San Francisco than in Warsaw, so a San Francisco salary needs to be much higher to provide an equivalent standard of living.