A study has been done and it showed that Toronto is now one
of the top cities in Canada and in the United States where new talents in tech
are moving in. Toronto is now in the third rank among the markets where tech
talent is needed. This reflects just how much talent is now being needed in the
Toronto tech scene. Many companies have been moving their offices to Canada and
Toronto is one of their chosen cities mainly because of the availability of
local and immigrant talent.
The study was done by the CBRE and it is known as the Scoring
Tech Talent Report. What it does is it studies the tech markets in 50 popular
cities in the United States and in Canada. The study uses a total of 13 metrics
which are all unique. These metrics include talent supply, job growth, and tech
degrees. With Toronto placing third, the top spot belonged to the San Francisco
Bay Area and the second spot was taken by Seattle. Toronto is the only Canadian
city in the top three.
The progress of the tech industry in Toronto
Toronto was also able to make it ahead of three more cities
in the United States that are quite well known for the tech industry. These three
cities are Washington, D.C.; Austin, Texas; and New York City. This shows that
Toronto is the only city in Canada that is in the top six.
Aside from this, Toronto was also recognized as being the
top city when it came to having a brain gain. There are more and more locals
and immigrants making their way to this city to be able to join the tech
industry that is sprouting like crazy here. Numbers have it that starting in
2013, this city in Canada has been able to open an additional 80,100 jobs in
the tech industry, which is quite helpful in boosting the employment rate in
the country as well as the improving the economy of the city and the country. The
tech industry in Toronto has also been able to employ not only locals but also skilled
immigrants, thanks to the immigration policies in Canada.
Analysis of the data
According to the group behind the research, the pool of
talent in the tech industry in Toronto has been growing at a really fast pace. In
fact, it is the fastest among all of the 50 cities and markets that were part
of the study. The increase of 80,100 jobs in the industry have been also
remarkable, says the report. This is an actual increase of 54% and that is a
good thing as it is able to employ locals as well as skilled immigrants who can
contribute their talents to the industry.
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