26 Nov CBRE Tech Talent Report – KW takeaways
CBRE recently published it’s 2019 Canadian Tech Talent Scoring survey. They report that Toronto continues to dominate the Canadian tech sector, with other cities making significant growth. Here are some key takeaways from the report:
Tech Talent and Real Estate are the top barriers to growth for Canadian firms.
CBRE pegs the total Canadian tech talent pool at 832,900 skilled workers with over 25% – 228,500 of them in Toronto. CBRE reports that this talent pool is increasingly contested with more tech hubs emerging in Canada, more companies moving into tech, and more international recruiting efforts focusing on Canadian talent.
Waterloo’s tech talent pool, of 20,400, saw 39% growth in the last 5 years with 5,800 new tech employees. Local schools are also producing roughly 2,300 new tech grads each year. Waterloo region ranked among the top 5 cities for tech education in Canada. Waterloo’s tech talent gender diversity was 20% female and 80% male.
Waterloo’s office vacancy rate currently sits at about 8%, while housing costs are at the national average.
Hamilton, Oshawa, Guelph, London and Windsor also seeing growth and ranking in Canada’s top 20 tech hubs. Cheaper housing markets and office space, along with untapped talent pools are cited as the major drives behind this growth.
Download the full report here