Vancouver has ranked first in North America for high-tech software job growth

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).

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Vancouver has ranked first in North America for high-tech software job growth

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 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.

Serial Number

North American City Growth Rate Percentage of High-Tech Jobs
1 Vancouver 29.20%
2 San Francisco 26.90%
3 Austin 22.90%
4 Seattle 21.90%
5 New York 18.40%
6 Toronto 17.10%
7 Dallas/ Ft. Worth 16.40%
8 San Diego 15.40%
9 Los Angeles 14.50%
10 Denver 13.50%
11 Baltimore 11.60%
12 Atlanta 11.40%
13 Nashville 11.20%
14 Boston 10.20%
15 Salt Lake City 10.00%
16 St. Louis 9.70%
17 Indianapolis 9.20%
28 Orange County 7.70%
19 Portland 7.70%
20 Raleigh Durham 7.10%
21 Washington DC 5.80%
22 Silicon Valley 5.20%
23 Pittsburgh 4.70%
24 Phoenix 4.60%
25 Chicago 4.10%
26 Philadelphia 2.80%
27 Minneapolis -1.50%
28 Detroit -2.00%
29 Montreal -2.00%
30 Charlotte -10.90%

 

What is the significance of this ranking?

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.

Click here to browse through the plethora of tech diplomas available at CCTB.

Some of the most prominent high-tech industries to emerge during the pandemic were e-commerce, logistics, media streaming, data analysis and cybersecurity.

What else can Vancouver offer you?

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.

  • A multicultural environment: Vancouver attracts international students and from different parts of the world each year, making it a multicultural hub. Living in the city will allow you to explore different cultures and languages and take part in different celebrations.
  • Close access to natural beauty: Vancouver is as beautiful and scenic as it is culturally rich. Studying in the city will allow you to explore nearby nature spots like the North Shore Mountains or Stanley Park.
  • Safety and security: Vancouver is renowned to be a safe place to live. As per Numbeo.com, the city has one of the lowest crime rates in Canada and a zero-tolerance policy for ethnic or racial discrimination.

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. 

https://www.cbre.us/research-and-reports/North-America-Tech-30-2020

 

16 June, 2021

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