Vancouver is becoming a tech giant with 75,000 technology sector jobs and an additional 15,000 expected over the next 3 years.
The city has become a complimentary counterpart to Toronto as a tech hub of Canada, with dozens of start-ups and success stories between the two. A handful of financial tech service companies based out of Vancouver are on a mission to disrupt traditional banking and lead the industry. There are also leaders in social media like Hootsuite and e-accounting services like Bench.
Newer additions include Microsoft’s Vancouver Development Centre and an Amazon office at the new Telus Tower. Speaking of Telus, telecom and IT related jobs are also in abundance between telco’s and banks as the big names looks to stay relevant, keep market share and expand profit. For example, BMO is the first of the Big 5 Canadian banks to launch an automated advisory service to enhance portfolio management for customers.
The Vancouver region saw its fastest rate of employment growth in over a decade and the unemployment rate at 5.7% is below the provincial and national averages according to Stats Canada and BMO Nesbitt Burns.
The recent BC Tech Summit which showcased the province’s technology industry also saw BC Premier Christy Clark announce training for computer coding to all elementary and high school students. Skills upgrading is also front and center with an additional investment of $4.5 million “for a technology stream for tuition, training, upgrading for people who are already in the workforce but want to move into tech”.
Written by: Amar Mirchandani @amarmirch