For a non US location, I agree.
I mean don't get me wrong, Montreal is a nice city to live, the culture is great, the people are nice, a lot of great restaurants and what not. While I don't think healthcare is that great, if you don't have insurance, it is enticing to think about.
However, from somebody coming out of SF, they do have to expect their in pocket income after expenses to drop significantly, on the range of 50 to 60% and up. In this case, salary is a VERY important consideration.