[cmrdporcupine]

It absolutely is true in actual practice; unless you're some unicorn ML researcher all our engineering talent is in Waterloo (or Montreal). If it was possible to work in Toronto I wouldn't have had to have sold my house and moved my family years back.

We do have a rather comfortable bus which runs from Toronto, if you don't mind the 2 hour (each way) commute.

(The company I worked for was bought by Google back in 2011. We had people in NY and Toronto; all our Toronto people were told we had to move to Waterloo and that was that. Most of us have stayed @ Google but for some the practice of having to rip up their entire lives in Toronto to move wasn't ideal and they left.)