Toronto records a 12.6% growth in total tech occupations available

As per a Report by CBRE, 2021 Scoring Tech Talent, “As companies across all industries expand their technology services, there is high demand for tech talent in both large and small markets. Major gateway markets such as New York Metro, Toronto and the San Francisco Bay Area dominate overall tech talent growth because of their size.”

https://youtu.be/--et26vLXrY

With 270,400 total tech occupations available in 2020 – registering a 12.6% increase over the growth during 2015 to 2020 – Toronto is among the top markets in North America for tech talent and investment.

Toronto – Employment Breakdown [in 2020]
Total Tech Occupations	270,400
Software Developers & Programmers	75,900
Computer Support, Database & Systems	114,900
Computer & Information Systems Managers	32,000
Technology Engineering-Related	47,500
Total non-tech occupations	380,000
Sales	27,900
Administrative & Office Support	170,600
Business Operations & Finance	124,900
Marketing	56,600

Source: Statistics Canada (Metro Area), April 2021

The global economic slowdown induced by the COVID-19 pandemic led businesses the world over to pivot, innovate, and place more reliance than ever before on tech talent workers for stepping up to meet the challenging times.

This kept the tech labour market both highly competitive as well as supply constrained in 2020 as hiring expanded beyond the major tech hubs.

The Report comes to the finding that “technology’s importance during the COVID-19 pandemic will endure and act as an accelerator of economic transformation”.

---------------------------------------------------------------------------------------------------------------------------

ALSO READ

• US Study: Immigrants are more “job creators” than “job takers”
• Canada welcomes IT workers
• 200+ Indians in leadership roles in 15 countries
• Top 10 most-accepting countries for migrants

----------------------------------------------------------------------------------------------------------------------------

Key Findings of the 2021 Scoring Tech Talent Report
Biggest “brain gain” [producing more jobs than graduates] markets in North America	·       Toronto ·       Seattle ·       Montreal ·       Vancouver ·       Charlotte
Top 5 most concentrated tech markets in North America	·       Ottawa [11.6% of total employment] ·       San Francisco Bay Area [10.95% of total employment] ·       Toronto [between 9.4% to 10.2% of total employment] ·       Waterloo [between 9.4% to 10.2% of total employment] ·       Seattle [between 9.4% to 10.2% of total employment]
What is tech talent?	By “tech talent” is implied a group of highly skilled workers in 20+ technology-oriented occupations that drive innovation across all industry sectors.

Scoring Tech Talent report offers a comprehensive analysis of labor market conditions, cost as well as quality across North America for highly skilled tech workers.

Top 50 markets in the U.S. and Canada were ranked alongside another 25 North American tech talent markets. 10 up-and-coming Latin American Markets were also analyzed for the Report.

 13 metrics were used for measuring each of the market’s vitality and depth as well as attractiveness to companies seeking tech talent and to tech workers looking for employment.

As per CBRE, “Technology companies were some of the most resilient throughout COVID-19 and are now preparing for high-paced growth.”

Committed to responsible and sustainable business practices, CBRE combines a broad range of services and tools with local market insights.

If you are looking to Study, Work, Visit, Invest or Migrate to Canada, talk to Y-Axis, the World’s No.1 Immigration & Visa Company.

If you found this blog engaging, you may also like …

Top 3 countries for immigration post COVID-19