It really all depends. I’ve lived in Toronto for my entire life, and not as a landed immigrant. And I’ve meet numerous people who have gone to Seneca and Sheridan schools some have come away with something others have come away with nothing, great. It all depends on your passion and drive which doesn’t always mean you have to have the education behind you, I’ve heard of many who haven’t had all the education or none at all and still have landed a Job starting some where and can build from that.
Schools are businesses, sure they crank out hundreds a year at those schools but what happens in the end who knows. The Studios in Toronto do hire, but I’ve noticed a trend whereas they’re looking for those who know the city and a few other common things. Toronto is not as big as Montreal as there is a little more IT more type work in Toronto, but even if you land in a IT job you still can find your way into animation just may take a little longer. As a True Canadian there are many new comers to this City, and compared to Montreal, Toronto does have less but watch it in Toronto you can get lost and confused very quick it’s that type of City.