A new study has shown that Canada is proving to be a very competitive city when it come to tech talent. Toronto is still being proven as coming on top but the new 2018 Scoring Canadian Tech Talent report has ranked all the top cities and it included Hamilton, Quebec City and Halifaxx as the top 10 and Ottawa and Waterloo made it to the top five.
“Tech has become a force for city building,” says the report, which is published by CBRE Canada. “Technology has become woven into every traditional component of a region’s economy and the future of many Canadian cities seem inextricably linked to the prospect of becoming a tech hub.”
The report looked at twenty Canadian cities and aims to provide a “comprehensive picture of Canada’s tech ecosystem”, this new report follows CBRE’s 2018 Scoring Tech Talent in North America study, which came out earlier this year.
In the earlier report Toronto remained as Canada’s top tech powerhouse. The ranking was done based on thirteen metrics and was arranged under three key indicators: tech talent employment, educational attainment and the high-tech industry.
The survey noted investments in Toronto from major tech firms such as Uber, NVIDIA, Etsy, Samsung and LG as well as major office deals inked this year by Shopify, Microsoft, Touch Bistro, OpenText and Google.
Ottawa, Canada’s national capital and home to Shopify, placed second and Montreal, Vancouver and Waterloo rounded out the top five Canadian tech talent markets.
“These locations possess the strongest combination of attributes that the technology sector needs to flourish, especially when it comes to a high concentration of tech employment,” the report reads.
Toronto, Montreal, Ottawa and the Region of Waterloo, Ontario were responsible for 63.1 per cent of Canada’s high-tech job growth between 2012 and 2017, the report says.
In Toronto alone, 82,100 new tech jobs were created over that time period, which represents a growth rate of 51.5 per cent.
Overall, Canada added 178,800 tech jobs between 2012 and 2017, the report says, including 57,600 in 2017 alone.
The job growth rate in Canada has been on the rise, posting a growth rate of 64.8% between 2012 and 2017. Canada is always looking to fill these job positions with overseas skilled labour.
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