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.
The team successfully raised $6,400 for Baycrest, helping to continue research, innovation, care, and education in the field of aging and brain health. This year’s charity ride, led by Canadian fitness icons Hal Johnson and Joanne McLeod from BodyBreak, aimed…
The crew from Greybrook teamed up with the construction professionals at 485 Normandy Street, Habitat for Humanity GTA’s most recent development in Oshawa, which will add 50 affordable units to the community. This initiative and GTA build day will help…
As vertical construction begins, it will be exciting to see this 16-storey residence designed by Graziani + Corazza Architects Inc. start to take shape. The first of three condominium buildings in the Sterling Junction neighbourhood with developer partner Marlin Spring,…
The western portion of the site is forming the third floor, and the eastern part is currently forming the ground floor verticals. Over the next few months, formwork will continue to the roof, with the building top-off expected to occur…
We had the pleasure of welcoming over 120 investors and guests to the event, which provided us with a great opportunity to meet with our investors in person and share with them our perspectives on the economic outlook for Canada…
Since breaking ground in September 2021, construction has progressed steadily across the site, with the building top-off expected in early 2024. The compact nature of the downtown construction site at approximately 0.4 acres offered unique challenges to completing the…
Our Linx Condos development will soon reach a significant construction milestone with the official building top-off. We recently took a tour of the high-rise building to see the progress made to date thanks to the hard work of our construction…
Click here to listen to the engaging interview below titled “State of the Market: Mastering Acquisitions.” During the discussion, Peter provided insight into Greybrook’s expanding portfolio in South Florida with completed projects, including The Elser Hotel & Residences and Society…
On April 19, Greybrook’s managed issuer successfully closed on a $40,000,000 equity investment. The funds will be used to acquire and oversee the development of a parcel of land located on the west side of St. Lawrence Avenue, south of…
On the east side of the site, vertical construction of the townhomes has commenced following the completion of the forming of the underground garage last year, with four of the seven townhome blocks on this portion of the site at…
