Well, sure, lesser of two evils anyways. The choices are: unemployment in an expensive city like Vancouver, or crappy employment in a cheaper city like Toronto, or slave your ass away and be abused at a media/gaming company in a city like Montreal.
Or live in the desolate tundra that is Ottawa where lucrative but mind-numbingly boring government contracts abound.
No wonder Canada's software scene is completely dead.
I grew up in Vancouver, moved east for school, and looked on both coasts for jobs near graduation. Vancouver had few jobs, and your best bet was EA (no thanks!). Toronto had more interest in entry-level engineers, but upon closer inspection most were monkey jobs pounding out Java boilerplate for some bank or other gargantuan legacy enterprise system.
There were a few companies I encountered that did honestly really cool stuff... they were also tiny and unstable (financially) as hell. Generally a poor idea to work the only good job in town.
I loved living in both Vancouver and Toronto, and honestly wish I can have that lifestyle back (the poverty levels I see in the US is shocking and appalling to my over-protected Canadian ass). But damn, slaving at some enterprise Java-factory for half the pay is a pretty high price to pay.