{UAH} TORONTO IS BECOMMING A TECH POWER HOUSE Part one

Friends

 

Just before we log off, I needed to raise a reason why  we have got this high tech boom, we have worked a whole lot for it by investing into several sectors which many cities have not done. I am raising to you one sector that has pushed this industry but in the under belly push the sector of real estate, it is to raise the standard of education. For a couple of years now, this city has raised all the school achievements and the province like wise. Community colleges like George Brown that were producing lower classes of degrees are today producing the highest class of degrees. You will be surprised that for a long time York has been producing the best accountants, yet these days a degree out of Ryerson is much better than York.  As these kids qualify with very high class degrees, high tech companies are flying in to tap into their talent, but their parents that have huge amounts of money are buying condos for these kids to live in as they study and work. For many years graduates have been heading down to the Silicon valley, and today we are reversing that trend, Silcom Valley is actually coming here for we have the infrastructure let alone the brains.

 

Lastly we have invested into transportation, and to those in the city, through this posting, I am informing you that the GO train that has been running out of Hamilton into Toronto, is going to end in next  few days. That train starting from January 2019 is going to run out of Niagara falls into Toronto through the city of Hamilton. What GO train is trying to do here is to act as a relief line to the entire Queen Elizabeth Way, through Hamilton into Toronto. So you are going to be able to fly into Detroit, pick up the GO train as soon as you cross the border, and come direct into Toronto without driving on QEW. If the speed this city is taking remains right into 2025, Toronto is going to become the high tech HQ of North America.

 

We will log on at the end of the day for unlike many in these forums, we have actual bills to pay.

 

EM         -> { Trump for 2020 }

On the 49^th Parallel          

                 Thé Mulindwas Communication Group
"With Yoweri Museveni, Ssabassajja and Dr. Kiiza Besigye, Uganda is in anarchy"
                    Kuungana Mulindwa Mawasiliano Kikundi
"Pamoja na Yoweri Museveni, Ssabassajja na Dk. Kiiza Besigye, Uganda ni katika machafuko"

 

From: ugandans-at-heart@googlegroups.com [mailto:ugandans-at-heart@googlegroups.com] On Behalf Of Herrn Mulindwa Edward
Sent: Wednesday, December 19, 2018 3:40 AM
To: ugandans-at-heart@googlegroups.com
Cc: camnetwork@yahoogroups.com
Subject: {UAH} TORONTO IS BECOMMING A TECH POWER HOUSE Part one

 

 

Who Just Beat the Bay Area in Tech Jobs? Toronto

By

Natalie Wong

and

Stefanie Marotta

·   Faster growth than in San Francisco, Seattle and D.C. combined

·   CBRE ranks Canada's biggest city over NYC in broad tech allure

Toronto's tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while leapfrogging New York in a ranking of "talent markets."

Toronto was the fastest-growing tech-jobs market in 2017, according to CBRE Group Inc.'s latest annual survey, released Tuesday. The city saw 28,900 tech jobs created, 14 percent more than in 2016, for a total of more than 241,000 workers, up 52 percent over the past five years, CBRE said. Downtown, tech accounted for more than a third of demand for office space.

Canada's biggest city took fourth place in "tech talent," a broad measure of competitiveness, pushing New York down a notch and coming in just after the Bay Area, Seattle and the U.S. capital. CBRE ranked 50 markets across North America, using measures such as talent supply, concentration, education and cost as well as outlooks for job and rent growth for both offices and apartments.

The real estate services firm cited some 5 million technology workers in the U.S. and more than 830,000 in Canada, across all sectors.

Tech Rush

Toronto added 28,900 technology jobs in 2017

For employers, combined labor and occupancy costs increased in every market, by 13 percent even in the least expensive one, Montreal.

"Companies looking to house operations are putting serious thought to locating in Canada," Paul Morassutti, executive managing director at CBRE Canada, said in a statement accompanying the report. Toronto is among the best values for tech firms, he said, citing cheaper labor and real estate and a well-educated workforce. The U.S. Midwest offers good value as well, the report noted.

A 500-worker company requiring 75,000 square feet (7,000 square meters) of office space can expect total annual costs, in U.S. dollars, to range from $27.6 million in Montreal to $32.2 million in Ottawa, with Toronto in the middle at $30.2 million. The costs in 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.

"The forces that are driving innovation and technology are really in the early stages here," Morassutti said by phone. "When it comes to overall costs, even if you assume upward pressure on office rents, housing and salaries, our major markets still constitute a significant bargain to the U.S."

To measure a market's growth potential, CBRE looked at the concentration of technology labor as a percentage of total employment. Here the winner was Ottawa, Canada's capital, at 11.2 percent, more than three times the U.S. national average of 3.5 percent. Toronto came in third, at 8.9 percent.

Ottawa on Top

Canada's capital leads as the city with the highest tech-labor concentration

"Ottawa is shedding its government-town image. It is home to over 1,700 technology companies and employs over 70,000 tech-talent employees," Shawn Hamilton, managing director of CBRE Ottawa, said in the statement. "In the last five years, urban tech has grown to be the second-largest user group in downtown Ottawa, bigger than the accounting and legal sectors combined."

U.S. markets rising in the study's ranks include Cleveland and Columbus, in Ohio, and San Diego.

EM         -> { Trump for 2020 }

On the 49^th Parallel          

                 Thé Mulindwas Communication Group
"With Yoweri Museveni, Ssabassajja and Dr. Kiiza Besigye, Uganda is in anarchy"
                    Kuungana Mulindwa Mawasiliano Kikundi
"Pamoja na Yoweri Museveni, Ssabassajja na Dk. Kiiza Besigye, Uganda ni katika machafuko"

 

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