'Tech job growth has a multiplier effect in the economy and the influence of tech is re-shaping virtually every sector of real estate.'
, Toronto rose in rankings to become one of the top three markets in North America for tech talent., where it placed fourth. Total tech occupations in Toronto grew 54 percent from 2013 to 2018 with 228,500 people employed in 2018.“We hear about tech more and more, but in a thriving city like Toronto, the impact of tech companies and the growing influence of tech talent cannot be understated.
Along with Toronto, other cities with the largest gains in tech talent were San Francisco Bay Area, Seattle, and Charlotte. However, the report notes that major gateway markets such as New York, Toronto, and the San Francisco Bay Area dominate overall tech talent growth because of their size. These markets, along with others that have a tech talent labor pool of more than 50,000 workers, are categorized as “large,” while those below this threshold are categorized as “small.
Other Canadian cities that made the list include Vancouver, which rose the most in the rankings along with various other US cities. From 2013 to 2018, Vancouver had 42.6 percent growth in total tech occupations, with its highest being software developers and programmers. Montreal had more growth in total non-tech occupations , while Ottawa came in on a lower end for growth in both .
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