Top 10 Tech Markets in North America

Key aspects of the Tech Markets in North America

• Toronto and Vancouver were listed among the 10 top-ranked tech markets in North America
• The highest growth percentage in Canada was recorded in Vancouver, Quebec City, and Toronto
• Currently, Canada has high job vacancies and a low number of skilled workers in the technology sector
• Southern Ontario region will be introducing an innovation hub as it experiences high growth in the tech sector
• Canada’s Waterloo Region, Seattle, and Toronto are among the top 5 tech markets ranging between 9.6 percent to 10.3 percent of their total employment
• The tech worker shortages provide a great opportunity for individuals from foreign countries who require tech skills, specifically in software engineering
• Canada will experience IT skills shortages for a minimum of two more years
• Approximately 80 percent of businesses in Canada require a high number of tech workers

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Overview:

Canada is currently is witnessing 1.1 million job vacancies and a low number of skilled workers in the technology sector. This is expected to create a great chance and opportunities for individuals in tech sector who wish to migrate to Canada from foreign countries. The cities Vancouver, Seattle, and Toronto of North America have created a significant number of jobs than tech graduates whereas, Boston, Washington, D.C, and New York Metro have a high number of graduates than job vacancies. Also read... 5 success secrets for new immigrants in Canada Canada continues to experience over 1 million job vacancies in 2022

10 top-ranked tech markets in North America:

North America's Top 10 Tech Markets
2022 Ranking	Tech Talent Market
1	San Francisco Bay Area, USA
2	Seattle, USA
3	Toronto, Canada
4	Washington, D.C., USA
5	New York, USA
6	Austin, USA
7	Boston, USA
8	Vancouver, Canada
9	Dallas/Fort Worth, USA
10	Denver, USA

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Employment growth in Canada (2016 - 2021)

Both Toronto and Vancouver were listed among the 10 top-ranked tech markets in Canada’s new report of Coldwell Banker Richard Ellis research (CBRE), the Evolving Workforce: Scoring Tech Talent 2022 of North America. According to the research of Coldwell Banker Richard Ellis, “Among all the other cities, Toronto has seen a massive growth in the technology talent, followed by Vancouver, and Seattle.” The job vacancies in technological sector in each of these cities are mentioned in the table below:

City	Tech job vacancies
Toronto, Canada	88,900
Seattle, USA	45,560
Vancouver, Canada	44,460

  Read on... Sean Fraser announced modifications in RNIP program to meet the job market demands Ottawa steps up International Tech start-ups by investing $3M in Ontario In the francophone province of Quebec, Québec City has also experienced growth within those five years. *Check your eligibility to Quebec, through Y-Axis Quebec Immigration Points calculator for free. The CBRE report also states, “the highest growth percentage was recorded in Vancouver, Quebec City, and Toronto.”

City	Percentage growth
Vancouver	63
Toronto	44
Quebec	43

 

Canada’s new innovation (Tech) hubs

An innovation hub will be introduced by the southern Ontario region, as it has been seeing magnificent growth in the technology sector. As per the CBRE reports, “Canada’s Waterloo Region, Seattle, and Toronto are considered in the list of top 5 technology markets ranging between 9.6 percent to 10.3 percent of their total employment. This high percentage of the highly-skilled workers provides an environment that can be beneficial to innovate.” Besides the high demand in Canada’s tech sector for skilled workers, most of the places in Canada is having huge number of vacancies and less people to fill the gaps. This is because the number of job vacancies and new tech companies are increasing with a high pace.

• Toronto has approximately produced 32.9 percent or 29,312 tech degrees, from which the city required employers to fill in 88,900 new tech jobs in the last five years.
• Vancouver has strived to produce only 31.6 percent, or 14,041, among the total of 44,460 tech degrees in the same period of five years.

Read more... Global Talent Stream and Provincial Nominee Programs pathway to Tech jobs in Canada How tech workers across the world can work in Canada – The pathways Willing to migrate to Canada? Get guidance from Y-Axis, the leading Overseas Consultant in Australia If you found this article engaging, continue to read… 12 NOC codes of Tech and Health occupations to be prioritized in New Brunswick All you need to know about Canada immigration language tests Ontario to upgrade its PNP with the new NOC system