New Report Also Says Guelph Is Canada’s Fastest Growing Tech Talent Market Based On Percent Growth
The region of Waterloo is once again at the top of the pack in tech, according to a new pan-Canadian report.
CBRE’s Canada Scoring Tech Talent 2020 report ranks Waterloo Region as the highest quality of workforce (in terms of technology) of the 20 fields studied.
In percentage terms, we are also the second fastest growing country, second only to Guelph.
“Guelph hasn’t been a big factor in the tech industry,” said Ted Overbaugh, CEO of CBRE. “I think all of a sudden when you get two or three companies that are performing really well and growing very quickly, that percentage goes up very quickly as well.”
The Waterloo region has had a more consistent growth model by comparison, most of which was pioneered by RIM.
“I think that’s a feather in the cap of what’s happened over the last 10 years. Obviously when RIM left, more or less, there was a lot of concern as to what was going to be. filling that in. a big shift to see all these other businesses appear and grow, and re-identify the region as really not just being one or two businesses, but it really created the dominance of a lot of small businesses. They really fed off that path. that RIM created. “
Overbaugh also attributed the region’s success to the city’s world-class post-secondary institutions, such as the University of Waterloo, Wilfrid Laurier University and Conestoga College.
He noted that the combination of these schools and Canada’s immigration policy is expected to result in continued growth for the next decade.
The pandemic, of course, has also had an impact: giving the region’s tech sector a dose of adrenaline in the fields of artificial intelligence and educational software.
“These were trends that we were already seeing, but all of a sudden, growth that would have happened over a period of five or 10 years happened over a period of 12 months,” Overbaugh said.
You can find the full report here. The Region of Waterloo is shown on page 21, and is mentioned on other general analysis and comparison pages.