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Toronto’s tech boom is transforming the city
July 26, 2019 | The Globe and Mail | MARCUS GEE.

the tech industry that is transforming Toronto. The city is in the midst of a spectacular tech boom. Big firms such as Microsoft, Twitter, Uber, Google and Netflix are setting up shop or expanding here. Thousands of workers are coming to live and work in the city. Thousands of startup companies are revving their engines.

The pell-mell growth of the city comes in part from the rise of tech. Patrick Fejér of B+H Architects says 10 million square feet of new office space is due to open by 2024, more than was built from 1992 to the present. Toronto, he says, has more than 120 construction cranes in the air, compared with 65 in Seattle and 35 in New York.

CBRE, a real estate consultancy, says that Toronto is the fastest-growing market for tech talent in North America, “adding an eye-popping 80,100 tech jobs in the past five years, a 54-per-cent increase.” It now ranks third, just behind San Francisco’s Bay Area and Seattle.
Big_Tech  creative_class  downtown_core  housing  King-Spadina  Kitchener-Waterloo  livability  Marcus_Gee  millennials  neighbourhoods  Port_Lands  property_development  Sidewalk_Labs  talent  Toronto  transformational  transit  walkability  technology 
july 2019 by jerryking

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