The CBRE North America Tech 30 Report published in 2020 placed Vancouver as the number one tech market in the North American region (the USA and Canada). The report also stated that the rate of growth of the tech market in the city reached an impressive 29.2% between 2018 and 2019.
The other close contenders were San Francisco with a growth rate of 27%, Austin with 23%, Seattle with 22% and New York with 18%.
In 2019, Vancouver added 14,200 new jobs to the tech industry which accounted for 68.6% of the total new office jobs, enabling the city to rank high on CBRE’s list. It was one of the only three Canadian cities in this year’s list apart from Toronto at the sixth position and Montreal at the 29th position.
Here is the complete list of all the 30 cities mentioned in the report, along with their growth rate percentage of high-tech jobs.
|North American City||Growth Rate Percentage of High-Tech Jobs|
|7||Dallas/ Ft. Worth||16.40%|
|15||Salt Lake City||10.00%|
The rankings for the CBRE report were generated using employment data from the last few years. The impressive standing of Vancouver proves that the tech industry in the city has been resilient during the recent pandemic and has also helped other sectors stay afloat.
Vancouver was also on CBRE’s list of the seven most resilient tech markets that are expected to grow even more in the future. Vancouver featured in the third position on this list.
The CBRE report suggested that the steady growth of tech industries in Vancouver and other cities on the list have enabled the continuation of business activity during lockdown. The software companies in Vancouver have also facilitated businesses in other domains to quickly transition to digital operations and ensure a positive revenue.
Want to join the dynamic high-tech industry in Vancouver? The Canadian College of Technology and Business (CCTB) offers a wide range of industry-oriented diplomas across prominent disciplines like software development and cybersecurity.
These post-secondary diplomas incorporate the latest technological trends and cutting-edge infrastructure in their program curriculums. This can help you smoothly transition into the IT and business industry upon your graduation. The strategic location of the CCTB campus in the heart of the city can also expose you to Vancouver tech start-ups located around the campus.
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Some of the most prominent high-tech industries to emerge during the pandemic were e-commerce, logistics, media streaming, data analysis and cybersecurity.
With Vancouver’s recent tech standing, the city is considered a growing hub in the global tech community. The city is home to over 75% of Canadian tech companies making it a popular study destination for students seeking jobs and work experience in the tech domain.
Yet, access to Vancouver tech jobs isn’t the only advantage of pursuing a course in the city. Here are some other benefits of pursuing your higher studies in Vancouver.
Search for a quality tech program from a reputed university today to boost your prospects of finding a job in Vancouver, the ultimate study destination.