August 1, 2018 – Toronto’s technology jobs market is booming as Canada’s largest city takes on the major urban centres of the U.S., according to a new report.
The CBRE Group report reveals Toronto has generated the most technology jobs out of any North American city over the last five years.
By adding 82,100 technology jobs between 2012 and 2017, Toronto leads the San Francisco Bay Area in second place by more than 4,250.
In overall terms, that puts Toronto as the fourth-best market for technology talent in the whole of North America.
Top 10 Technology Talent Markets in North America
- San Francisco Bay Area
- New York
Important factors in determining the ranking included job growth, education, commercial and residential real estate and population.
Other Canadian cities also performed strongly, with Ottawa in 13th, Montreal 14th and Vancouver 25th.
Between 2012 and 2017, Montreal has added 22,300 technology jobs, Vancouver 16,100 and Ottawa 9,700.
Ottawa, meanwhile, topped the sections of the survey for technology talent concentration and momentum of talent pools.
In the Canadian capital, 11.2 per cent of all jobs are technology-related, compared to 9.8 per cent in San Francisco. Ottawa also saw 15.2 per cent technology employment growth between 2015 and 2017.
Canada is doing all it can to attract the best foreign technology talent, primarily through the Global Talent Stream.
What Are Canada’s Top Technology Occupations?
GTS offers two-week Canada visa processing for workers in 13 targeted technology occupations.
The pilot program also allows start-ups to be referred by recognized partners to have access to two-week processing outside of the target occupations.
The GTS is part of a broader Global Skills Strategy, which also includes short-term work permit exemptions for 15, 30 or 120 days for managers, professionals and researchers.
What Are the Key Elements of The Global Talent Stream and Global Skills Strategy?
- Two-week standard for processing Canada work permit applications (and Canada visa applications when applicable) for highly skilled talent.
- Dedicated service for companies looking to make significant job-creating investments in Canada.
- Dropping of the work permit requirement for short-term highly skilled work (30 days or less in a 12-month period), and brief academic stays.
- Companies applying for workers through the Global Talent Stream will have access to the new streamlined application process that will provide:
- Client-focused service to help guide eligible employers through the application process and the development of the Labour Market Benefits Plan, with a service standard of 10 business days.
- Eligibility for workers to have their work permit applications processed in 10 business days.
Interested employers: Kindly contact us here to receive further information.
Interested candidates: Find out whether you qualify to Canada by completing our free on-line evaluation. We will provide you with our evaluation within 1-2 business days.
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