text: Actually Toronto would not have gone past the 2nd cut or so.
  
  It not only has a high cost of living, and housing, but transit is gridlocked, etc.
  
  And the income tax regime would make high-level recruiting a tough sell.
  
  Executives at American high-tech firms have housing expectation which are simply impossible within a reasonable commuting distance from the GTA.
  
  Yes they will put up with that in California, but Southern Ontario, is not silicon valley. Especially in February.