Tag Archives: growing

Toronto Beats San Francisco in Tech Jobs Growth

CBRE Group just published their latest annual survey, where they found that Toronto is hot hot hot when it comes to tech jobs growth. CBRE , in their survey, ranked 50 markets across North America and took into account such things as talent supply, concentration, education and cost as well as outlooks for job and rent growth for both offices and apartments.

Toronto is so HOT that it had more job growth than the US cities of San Francisco Bay area, Seattle and Washington, D.C. combined. The city added  28,900 tech jobs,  14 % more over a year and now has over 241,000 tech workers. This is more than double of employed IT workers than 5 years ago in 2012.

But the news do come with caveat. Toronto only got 4th place when it came to competitiveness coming in after New York City, Bay Area, Seattle and the Washington, DC.

CBRE says that more than 5 million tech workers are employed in the US and 830,000 in Canada.

Paul Morassutti, executive managing director at CBRE Canada said:

“Companies looking to house operations are putting serious thought to locating in Canada. Toronto is among the best values for tech firms, due to cheaper labor and real estate and a well-educated workforce. The U.S. Midwest offers good value as well.”

Just to put it in perspective running 500 people company requiring 75,000 sq ft in Canada vs the US the cost of rent in US dollars would be:

  • $27.6 million in Montreal
  • $32.2 million in Ottawa,
  • $30.2 million in Toronto.
  • Rochester, New York, the cheapest U.S. market of those CBRE studied, amount to $36.3 million, while the Bay Area adds up to $57.4 million

Cities like Toronto, Ottawa, Vancouver and Montreal provide exceptional value to US companies looking to stretch their US might dollar. As you can see on a graph below – most of the salaries in Canada are still half of what US employees get in cities like NYC and San Francisco.

Top 50 Canadian Tech Companies To Watch Out For in 2018, According to Deloitte

Deloitte, one of the “Big Four” accounting firms and the largest professional services network in the world by revenue and number of professionals, has released its yearly published Top 50 Canadian Tech Companies to Watch For.

This year, all top 3 companies fast growing tech companies come as no surprise hail from Ontario, Yours To Discover. As a matter of fact, the list was dominated by 29 companies / almost 60% from Ontario. British Columbia took second spot with 13 companies / almost 30%, and Quebec only had 5 companies (only 10%). Rest were spread out across Canada – mainly in the Prairies.

Diply, London Ontario, a leading social entertainment publisher that creates captivating content for millennials, took the #1 top spot with mindblowing 92881.1% growth.

https://www.instagram.com/p/BaoikelgKRg/?hl=en&taken-by=diply

The #2 spot was taken by Burlington Ontario Prodigy Games, doing a noble job of teaching over 20 million students, teachers, and parents with their free math game for Grades 1 – 8.

So you do not have to be like this guy

And to round up the Top 3 spot was a company with similar name to #2 – Prodigy Ventures from Toronto Ontario, an innovation company, and an early stage investment opportunity in emerging technologies.

Once you used the math game software from #2 , you can straight apply to #3 😉

 

Anders McKenzie, managing partner at Deloitte Canada, said:

“Fast 50 winners achieve incredible growth. These companies foster the economic prosperity and success of our country. The technology, media and telecommunications sector has achieved significant advances in the last twenty years. This current innovative cohort of companies continues to lead the pack in transforming the way we live and work. They should be incredibly proud of the impact they are making across all industries and how they are shaping the world as we know it today and what it will look like tomorrow.”

Wonder – who made the top 3 from your neck of the woods? Let’s see.

Top 3 Fastest Growing Tech from British Columbia

#4 Bench Accounting from Vancouver

#7 Send to News from Victoria

#9 Refresh Financial from Kelowna

Top 3 Fastest Growing Tech from Quebec

#15 FixmeStick from Montreal

#20 PixMob from Montreal

#29 PlusGrade from Montreal

 

The full list of Top 50 Canadian Tech is below, so what are you waiting for? Time to apply – they are all hiring. How else do you think they can grow?

 

Rank Company Name City Province Growth %
1 Diply London ON 92881.1%
2 Prodigy Game Burlington ON 18933.0%
3 Prodigy Ventures Toronto ON 16790.9%
4 Bench Accounting Vancouver BC 12814.3%
5 SkipTheDishes Winnipeg MB 10969.6%
6 StackAdapt Toronto ON 10301.0%
7 SendtoNews Victoria BC 9277.7%
8 Maropost Toronto ON 7038.2%
9 Refresh Financial Kelowna BC 5482.7%
10 Benevity Calgary AB 5410.7%
11 Unata Toronto ON 4269.7%
12 Bold Commerce Winnipeg MB 3692.1%
13 Influitive Toronto ON 3682.7%
14 Awesense Vancouver BC 3058.3%
15 FixMeStick Technologies Inc. Montreal QC 2698.2%
16 Vidyard Kitchener ON 2139.9%
17 Wave Toronto ON 1949.6%
18 Canada Drives Vancouver BC 1759.5%
19 IntraGrain Technologies Inc. Regina SK 1496.7%
20 PixMob Montreal QC 1253.0%
21 Foodee Vancouver BC 1035.6%
22 Visier Vancouver BC 989.2%
23 Axonify Waterloo ON 958.2%
24 Shopify Ottawa ON 896.5%
25 BroadbandTV Vancouver BC 888.7%
26 Allocadia Vancouver BC 852.2%
27 TouchBistro Inc. Toronto ON 838.3%
28 Sortable Kitchener ON 801.9%
29 Plusgrade Montreal QC 785.7%
30 Big Blue Bubble London ON 785.4%
31 Neurio Vancouver BC 781.3%
32 RateHub Toronto ON 768.7%
33 Unbounce Vancouver BC 680.5%
34 Buyatab Online Inc. Vancouver BC 626.8%
35 Motoinsight Toronto ON 625.7%
36 Top Hat Toronto ON 616.9%
37 mobileLIVE Richmond Hill ON 601.1%
38 Arcane Digital Inc. London ON 553.0%
39 eSentire Cambridge ON 531.8%
40 Voices.com London ON 506.4%
41 Dealer-FX Markham ON 506.2%
42 Klipfolio Ottawa ON 505.2%
43 You.i TV Ottawa ON 499.0%
44 Budge Studios Montréal QC 482.4%
45 Media Resources Inc. Oakville ON 477.4%
46 Eastside Games Inc. Vancouver BC 472.1%
47 Big Viking Games London ON 424.7%
48 Magnet Forensics Waterloo ON 399.6%
49 GSOFT Montreal QC 386.7%
50 500px Toronto ON 382.9%
50 TextNow Waterloo ON 382.9%