The Greater Toronto Area has added more jobs than Silicon Valley in the last year.
Vancouver also has a strong tech scene. Microsoft and Amazon have setup shop here. Apple also has a small team here, and are growing their presence in the next couple of years.
There are also lots of other tech companies such as ACL, SAP etc, as well as other local companies such as Unbounce and Hootsuite, and myriad other smaller tech startups.
Pay scale in Vancouver is good, and certainly lower than the Valley. Not sure how Toronto shapes up with both of those areas.
Rent is expensive in Vancouver and Toronto, and that can prove a barrier to entry here unless you find a good realtor to work , and depending on the needs of your team.