CDI Corporation

Canada’s tech sector shows promising growth

Canada’s tech industry remains a strong facet of the country’s generally shaky employment situation. While a majority of private-sector businesses have slowed full-time hiring, tech jobs are still posting impressive growth rates.

According to the Financial Post, two Canadian cities recently made Tech Thirty, a list issued by U.S. real estate firm CBRE that highlights areas across North America where tech employment is booming. Toronto took home the No. 5 spot, while Vancouver made the list at No. 20. The source explained that this was the first year the list extended to Canadian hubs, mainly because organizations such as Facebook and Amazon have started opening headquarters north of the border.

Overall, Toronto’s tech industry currently employs 98,000 workers, which accounts for 11.7 percent of all office jobs. Most of these positions are concentrated in the Liberty Village and downtown west areas, which have become tech hotspots for the city. Vancouver has 34,000 tech employees, representing 12 percent of office positions. Employment in this city’s high-tech sector has expanded by nearly 20 percent since 2011.

Canada has yet to be seen as a hub of tech innovation on a global scale, but the industry has been making a national impact over the past few years. According to The Globe and Mail, Canada’s tech sector has surpassed the country’s other industries¬†in key areas since 2013.