11 Jul

The Toronto Boom: The Fastest Growing Tech Job market in North America

Posted by John Brandwagt

The market for jobs in Canada is robust and this is not idle chat. “Statistics Canada” noted that our country added 78,600 jobs in December only and 2017 saw 422,000 jobs created, the strongest percentage growth in 14 years. People looking for employment in Canada have some fairly nice opportunities depending on where they live. Right now, there is a career volcano about to erupt with a large flow of job opportunities. Its name is Toronto.

The-2017-2018-Salary-Guide-For-Information-Technology-Professionals

It is no surprise ‘The City That Works’ would be brimming with occupations and employment possibilities. Toronto is the largest Canadian city with a diverse population. This is a metropolis with a reputation for finance, engineering, communications, and information technology. There are some developments which are causing employment in Toronto to sparkle more than before and suggest that there is a serious job boom taking place in the city on the Lake Ontario shoreline.

Toronto: Becoming A Geek Town?

People and employers want to live in a city that is interesting. Toronto has some bright spots but the eastern waterfront is about to become a neighborhood built from the Internet up. Google, through its sister company Sidewalk Labs, has joined a coalition that will produce a $50 million design for an urban area , Quayside, that will be sensor enabled and on the razor’s edge of smart city technology. That is enough to get high tech companies and social media firms interested in Toronto, but there is more..

Toronto’s financial industry is deeply concerned about hacking. There is a growing demand for cybersecurity professionals and it is expected to continue as digitization become an even bigger part of the business world. This is a sizable job opportunity for college graduates.

Toronto: Where The Jobs Are?

The metropolitan area has a rich and diverse job market with opportunities in various industries besides information technology. Aerospace has openings for electrical and electronic engineers and engineering project manager positions are among the types of engineering jobs that are the best paid. Quality management is a non-technical area where a person can develop a career in the Toronto Metropolitan area. Accounts managers and financial planning have openings in the industry for a person who has an academic background and some experience.

Canadians don’t all wear plaid. The fashion and apparel industry has job openings in Toronto where the fashion conscious can make some money. It is not all just with scissors, either. Fashion engineering is fast catching up as a job option as companies look to reduce man, machine and material wastage in the sector. There are other creative designers who can take advantage of the arts community in Toronto and make a decent living.

IT Jobs in Toronto

Information technology is big on the eastern shores of Canada. Big enough to label Toronto and the neighboring Waterloo as the ‘Silicon Valley of Canada’. So much so that experienced IT stalwarts are actually making a move from Silicon Valley to Toronto! As per a CBRE report, Toronto alone added 22,500 new technology jobs in 2017 - 3x more than New York from across the border. From IT technicians to software developers, candidates are being headhunted to make up for the shortage of skilled engineers in the sector. All said, more than 20,000 information technology companies operate out of Ontario and seven of the world’s top 10 largest tech companies conduct R&D there.

Other Sectors

High Tech is big news but are there other job opportunities? People employed in the building trades may worry that they are being passed up in the career world. There is no need to worry about that in Toronto. The construction industry is going to be expanding and there will be a need for professionals. Bricklayers are among the types of construction jobs that Toronto needs as it grows in the near future. Tourism is a standard in Toronto, and people find opportunities there, as well.

Of course, outside factors can cause rather dramatic changes. We cannot be a hundred percent sure on the impact of tariff disagreements between Canada and United States on job expansion in Eastern Canada. It is always possible and, hopefully, disputes will be settled before there are problems. Keep in mind, though, the modern economy is creating positions that are effectively becoming recession proof. In addition, more people are hedging their bets with gig jobs on the side. These part-time interests can easily turn into a small business for the right person.

Toronto, in the meantime, is going to be experiencing job creation and opportunities that were not seen before. The metropolitan area has a wide variety of career choices, and what a person need is the education and talent to fill the position they want. Toronto has become a place of opportunity and any job hunter should take a careful look at what is going on along the Lake Ontario shoreline.

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John Brandwagt

John is a Practice Leader at Inteqna. He’s been working in IT Search in Calgary since 1997. He works best with selective job seekers—those who excel at what they do and enjoy their current jobs. Since they don’t have time to look for themselves, he helps them find their dream jobs. From a client perspective, he helps organizations find the talent that will propel their business. John is involved in several of Calgary’s technical user groups and has held board roles in non-profit groups. He is a single dad of four boys who try to beat him at every physical activity from hiking to rugby.

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