Toronto-Waterloo Tech Workforce Expected To Surpass Silicon Valley In 2023

Thanks in part to Canada's immigration policies, the tech sector in the Toronto Waterloo Corridor will soon have more workers than the San Francisco Bay area. The Record reports: During 2021, the San Francisco Bay area added 14,000 jobs, increasing total tech employment there to 378,870. During 2021, the Toronto Waterloo Corridor added 88,000 jobs, increasing total tech employment to 313,700. 'We are on a tear,' said Chris Albinson, the chief executive officer at Communitech. 'Canada admitted 400,000 newcomers during the last 12 months, half of them with STEM degrees.'

'We are growing 350 per cent faster than Silicon Valley, and sometime in early 2023 there will be more tech workers in the Waterloo Toronto corridor,' said Albinson. Communitech will announce a new strategy in mid-January, backed by the federal government, that will help push the size of the tech workforce in the corridor ahead of the Silicon Valley, he added.

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