News Update 30 July 2018: 82,000 Technical Jobs were created in Toronto During Last Five Years

Toronto is leading in Tech Jobs Creation Followed by Traditional Tech Hub Like San Francisco Bay Area 

Large number of Tech jobs were created between 2012 and 2017 led by Toronto city in both Canada and United States. Faster than traditional tech hubs like San Francisco Bay Area, according to the recent study.

Approximately 82,000 tech jobs were created in Toronto city during the five year period, which is nearly 4,300 tech jobs created more than in San Francisco Bay Area during this period. 

28,900 tech jobs have been added by Toronto city in 2017 alone which is an increase of 13.6% over the previous year; making The city fastest growing tech market in North America for the second year in a row.

According to 2018 Scoring Tech Talent Report produced by CBRE Canada (Part of the Fortune 500 CBRE Group), Toronto placed forth out of the 50 North American cities. 

The Tech Talent scorecard is determined by 13 unique metrics, including tech talent supply, growth, concentration, cost, completed tech degrees, industry outlook for tech job growth and market outlook for both office and apartment rent cost growth.

"Toronto continues to outpace other North American markets, having added more tech jobs in 2017 than the San Francisco Bay Area, Seattle and Washington, D.C. combined," said Paul Morassutti, Executive Managing Director of CBRE Canada.

Again, Toronto placed first in terms of "rain Gain" which is the number of jobs created minus the number of tech degrees granted in a given city between 2012 and 2017. Toronto posted a gain of 55,025 during this period, compared to the San Francisco Bay Area's 46, 529.