It doesn’t take predictive technology to get a good picture of where Toronto is heading in its drive to become the Silicon Valley of the North. The trends are in place and specific developments underway that are speeding the region’s transformation. In a decade, maybe less, we’ll be there.
Toronto boasts a robust ecosystem that’s keeping the city and region healthy: With major educational centers and incubators, improved access to funding and an attractive regulatory environment, there’s a solid base for growth. Indeed, tech jobs in the region have expanded by 14.6 percent since 2012 to 400,000, twice the pace of the rest of Canada. By 2020, some 20,000 more tech jobs are expected to be added, according to a report by Tech Toronto.
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