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Toronto: The Boom of Canada’s Tech Hub

by The Daily Buzz Team
in Business, Tech, World
2 min read
Toronto: The Boom of Canada’s Tech Hub

As one of the fastest-growing tech hubs globally, Toronto continues to rack in the tech talent from abroad.

According to new rankings from CBRE, which scores US and Canadian cities on their tech talent, Toronto added 36.5 percent more tech workers between 2014 and 2019, effectively putting the city ahead of Silicon Valley in tech jobs added to the industry.

And the city is set to continue packing a punch in the tech world with an influx of global corporation tech labs. So, where does it leave a young tech savvy graduate hungry to get their foot in the door in Canada?

Friendly Immigration Policy

Canada has built up a reputation for welcoming immigrants with a friendly immigration policy and a multiculturism value.

With access to healthcare, social services, education, a high standard of living, and economic stability, Canada welcomed some 340 000 new permanent residents into the country in 2019.

Many of the skilled professionals from India, China, and the Philippines.

Touted as a model for other countries, Canadas economic immigration process has seen a large number of immigrants make use of the federal high skilled worker program to gain entry to the country.

Start off on The Right Foot

With an eclectic mix of neighborhoods and a multicultural population, Toronto, like any big city, can be overwhelming to newcomers.

Establishing a base is essential to get a feel for the city before committing to a specific area.

For this reason, an option such as Downtown Toronto apartments is the ideal way to start a new life in Canada.

Located in the heart of the entertainment, financial and theatre districts with easy access to all transport systems and healthcare facilities, these modern rental apartments are sought after for the flexibility they offer.

Ideal for those who want to test out life in a specific area, these long-term rentals offer studio, one, two, and three-bedroom units.

Most apartments come complete with all the essentials, including a fully equipped kitchen, linen, furniture, and parking facilities. It is a convenient and comfortable alternative to hotels for an extended stay in the city.

Industry Trends

The need for continuing to dominate the job market in Toronto. This year the top 8 jobs in demand were:

  • Developer/programmer
  • IT project manager
  • Quality assurance analyst
  • Data analyst
  • IT business analyst
  • Senior software engineer
  • Network administrator
  • Technical support specialist.

Competitive salaries and incentive schemes mean these highly skilled workers can expect to command on average 45% more than non-tech workers.

And with big tech companies such as Amazon, Netflix, Google, and Microsoft Canada looking to expand or set up operations, the demand for skilled tech workers is set to increase.

All Eyes on The Future

With some 14 000 tech companies and the highest concentration of AI start-ups, Toronto has become known as the Silicon Valley of the North.

And as one of the fastest-growing technological hubs looks set to have more technology jobs than Silicon Valley in two years.

No mean feat for a city dismissed for having a vanishing tech industry in 2012.

The Daily Buzz Team

The Daily Buzz Team

The Daily Buzz combines the pursuit of interesting and intriguing facts with the innate human desire to rank and list things. From stereotypical cat pictures to crazy facts about the universe, every thing is designed to help you kill time in the most efficient manner, all while giving you something to either laugh at or think about!

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