Canada’s Tech Talent Boom: Toronto’s Resurgence as a Leader

Canada’s technology sector is witnessing unprecedented growth, with Toronto reclaiming its position as a global leader in tech talent. According to CBRE's Scoring Tech Talent 2024 report, Toronto now ranks as the fourth-largest tech market in North America. The city added an impressive 95,900 tech jobs between 2018 and 2023, reflecting a 44% growth in its tech workforce. Read more about Toronto's comeback here.

Growth Beyond Toronto

This expansion is not confined to Toronto alone. Calgary, Ottawa, and Waterloo Region have all shown remarkable growth in tech jobs, with Calgary leading the charge at a staggering 78.1%. These cities are becoming increasingly prominent in Canada’s tech ecosystem, reflecting the country’s broader commitment to fostering innovation across various regions.

AI: The Driving Force of Canadian Tech

Artificial Intelligence (AI) has emerged as a significant driver behind this surge. Toronto, along with Vancouver and Montreal, accounts for 60% of Canada’s AI workforce, showcasing the nation’s leadership in this transformative field. The presence of both startups and global tech giants in these hubs further accelerates innovation and positions Canada as a competitive force in AI.

Smaller Cities Join the Tech Revolution

Beyond major urban centers, smaller cities like Halifax and London, Ontario, are also experiencing notable tech job growth. This underscores the inclusivity and depth of Canada’s tech ecosystem, fueled by strategic investments in education, infrastructure, and workforce development.

Canada is undoubtedly cementing its status as a global tech leader. With Toronto leading the charge and smaller markets making their mark, the nation is poised for continued innovation and influence in the global technology landscape. For a detailed overview of Canada’s tech industry dynamics, explore the full report on CBRE's website.