Beating out major U.S. cities like New York and LA, the annual report which ranks a city’s ability to attract and develop tech talent based on graduation rates, job concentration, labour pool size and real estate costs. Rounding out the top four from the report is Washington, D.C., Seattle, and the San Francisco Bay Area at number one.
Gaining the most talent on the list, the report found that Toronto has added more than 81,000 tech related jobs since 2016, producing 54,800 more tech jobs than graduates. This in demand workforce has made Toronto a leading destination for highly skilled tech workers and employers seeking top talent.
Looking at the trends in employment, CBRE stated that over 270,000 people were employed in Toronto tech in 2020, representing 43% growth. Furthermore, Toronto’s millennial population grew by 21% since 2014, adding over 277,000 people to the city. In the area of millennials, CBRE stated “The younger part of this generation has grown up in the internet-connected world and expect an integrated and more tech-enabled working environment. Generally, this well-educated cohort prefers urban living, which has contributed to many revitalized downtown neighborhoods.”
Compared to other sectors the tech industry has remained resilient throughout the pandemic and is preparing for even more high-paced growth as companies across all industries expand their technology services. Toronto’s strong foundation in technology and future growth opportunities keeps the city and the GTA one of our most compelling markets to invest in.
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
Greybrook and our partners PMG, are pleased to announce that pre-leasing has commenced for Society Atlanta. Located at 811 Peachtree St. NE, Society Atlanta is a 31-story tower featuring 460 rental apartments, over 87,000 square feet of office space and…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
We are proud to share that Linx Condos was recently nominated for the prestigious Heritage Toronto Awards in the Built Heritage category. This year’s 49th Annual Heritage Toronto Awards celebrated exceptional contributions to the preservation and evolution of the city’s…
In the latest episode of the Toronto Under Construction podcast, CEO Sasha Cucuz joins Bullpen Consulting’s Ben Myers and guest co-host Matt Young for an in-depth discussion on real estate investment. The conversation offers insights into Greybrook’s evolution, highlighting its strategic…
On October 20th, 2024, the Ontario government’s Provincial Planning Statement, 2024 (PPS 2024) came into effect, aiming to streamline the province’s land use planning framework. This new policy replaces both the Provincial Policy Statement, 2020, and A Places to Grow:…
The evening featured the prominent Benjamin Tal, Deputy Chief Economist and Managing Director of CIBC World Markets, who delivered his expert analysis of macroeconomic data and real estate trends in the Canadian market. Following his keynote, attendees enjoyed an engaging…
In a recent episode of The Tom Storey Show, CEO Sasha Cucuz joined co-hosts Tom Storey and Steve Karrasch to discuss the financialization of Canadian housing—an interesting topic in today’s real estate landscape. This episode delves into how the increasing…
Characterized by record-low sales activity and stagnant prices, there’s been no shortage of unknowns and questions surrounding the Canadian real estate market this year. Will the Bank of Canada’s recent rate cuts, and potential for more, encourage homebuyers to re-enter…
