Toronto : North America’s fastest growing Tech Hub
New York City and Silicon Valley are the top tech cities globally. Like other cities in North America, they possess immense potential, which has attracted and retained talented IT professionals. Los Angeles and Texas may be big names in the industry for their weather and low tax rates, but they have not gotten as much pull as Toronto. While Boston may have top universities in the world and Microsoft may be in Seattle, it’s Toronto that ranks third after NYC and Silicon Valley. Toronto has broadened its horizons and leveraged multiple elements that rank it the fastest-growing tech city in North America. New York Times reports it has the top IT talent pool in North America with figures higher than Washington D.C. and even L.A. It is now regarded as a great career choice for IT professionals.
WHY TORONTO RANKS TOP OF THE CONTINENT AS A GREAT CAREER CHOICE
The city has continued to expand from investment by the government and private entrepreneurs. It has also benefited from the contributions of the local Universities and research labs. Thus, with a bubbling and loveable lifestyle, it is the first choice for tech immigrants to Canada seeking contract work or permanent jobs.
It hosts two universities out of the Canadian U15: the University of Toronto and the University of Waterloo. These two are famed for producing top I.T. professionals. Many of whose IT career choice have led them to the U.S. But, with changes in recent times, they are choosing to remain in the city.
In the past years, Toronto has experienced an influx of American tech organizations and the stronghold of Anchor companies like Shopify. Microsoft established a new office not far from Maple Leafs and the Raptors this year. Not forgetting that Apple and Amazon have towers, and Google is about to get on the scene.
With Pinterest and Stripe also launching new spaces there and already established IT firms like eBay and DoorDash, Toronto is advancing at an unbelievable pace.
Meta having opened an office in Toronto are poaching the city’s top engineers. In 2019, Meta offered full time I.T. professionals in Toronto the chance for remote work.
Many executives are thrilled by the low hiring costs of I.T. professionals. However, there is a wide margin between its annual salaries and Silicon Valley. According to Hired, the average tech salary in Toronto is USD90k, considerably less than Silicon valley by about USD70k.
Notably, cities like Texas, L.A., and Boston are not at Toronto’s level because of the Canadian immigration policies that allow talented people to migrate easily. Toronto, thus, bests the U.S. in this regard. While the U.S. makes entrepreneurial investment and skilled immigration tortuous, Toronto opens its doors for job creators and skilled workers.
In 2016, Dr. Hinton, who worked in Silicon Valley, brought innovations into Toronto. He set up a Google research lab that recruited blazing tech talents. Not long after, He founded an Artificial Intelligence startup that brought in millions of dollars and attracted global I.T. talents to the city. In no time, Uber came on the scene. The company began the operations of its self-driving car lab, thus giving credence to the city. Toronto is now a hub of machine learning and data science startups.
To spice things up a bit, a Canadian named Tristan Jung, a long-term employee at Twitter, thought of home. So, he requested that the company takes advantage of the potential Toronto offered. In response, Twitter built an engineering hub and tripled its Canadian workforce.
Toronto keeps outperforming competing cities by positioning itself as a magnet for tech talent. Its favorable immigration laws enhance its growth and put it ahead of many U.S. cities. Additionally, it is well poised to keep up the pace. With a robust Ecosystem of numerous tech startups and an influx of top tech giants into the city, it is rapidly growing into a global player in the sector.
Finally, Toronto would need to keep attracting and retaining the best I.T. talents by having what they need to stay in the game. You can consider this destination as a good career choice for immigration.
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