Immigration Announcement
The Canadian Tech Boom and its Impact on Immigration
With the Canadian economy’s spending being concentrated on the tech sector, over 40,000 new jobs have been added to the market. As has been the case, historically, these jobs are majorly occupied by immigrants from South East Asia, but gradually the potential demographic for these jobs is expanding to some unprecedented nations as well.
Simply put, Canada is one of the choicest breeding grounds for technology jobs in the world, currently. Toronto shows no signs of slowing down, with some of the major players in the tech industry having set up headquarters here. This metropolis is one of the fastest-growing IT markets in North America and the world. Being in a strategically apt location like Canada, immigrants with software development and designing experience can reap the benefits and settle faster.
The Canadian Tech Landscape in 2019
What powered the leaps and bounds in the technology sector were the capable professionals who sustain it, and recent reports suggest that there are nearly 500,000 professionals in IT in Canada. These comprise professionals from various domains of technology from project management, to web development, to program analytics, with highly qualified immigrants filling up these roles in large numbers.
JAVA, Python, SQL, Javascript, Linux, C#, .NET are some of the technologies where there is a perpetual requirement for individuals with special talent and experience. Startups dot the Canadian landscape in the thousands and offer seasoned coders and designers with ample opportunities. The big plus when it comes to working in a startup is that willing individuals get an all-around learning experience to gradually build their careers starting right from ground level to one day get to fantastic zeniths.
The tech industry in Canada is on a streak right now, evident in its economic output. Ryerson University’s report states that in just a year 2015, the technology sector was undeviatingly responsible for $117 billion which is approximately 7.1 percent of Canada’s overall economic output—comparatively, far greater than the output of the finance and insurance industry.
Cities with Most Tech Opportunities
For pioneering tech entrepreneurs, Toronto is the go-to city to start up a business, because the city is home to the Big Five banks. Businesses are guaranteed to get backers in this city, given its high concentration of multimillionaires. But what about other provinces outside of Toronto?
Provincial governments are slowly coming to the realization that the future of progress lies in the tech sector. Finances are being directed toward the development of startup ecosystems all the while seeking out partnerships with universities and venture capitalists to drive a whole new crop of entrepreneurs in the tech industry.
Montreal is famous for many things; its buzzing nightlife, surprisingly inexpensive housing rates and a well established international university culture. What’s comparatively a lesser-known fact about this city is the pioneering leaps it is making in technology. Records are being broken every day by Ubisoft Montreal, a beloved video-game developing company whose games sell out like hotcakes. Furthermore, the municipal and federal governments have started a joint venture to fund Montreal’s Smart City Action Plan with over 100 million dollars.
Recent surveys have seen a technological slump in Vancouver which was once hosted to a seemingly unprecedented boom in the tech sector. Talks have been taking place between the governments of Seattle and Vancouver to accommodate a “ tech corridor “ passing between both cities. An exchange of ideas and resources between two of the biggest players in technology, USA and Canada, would bring about much-needed innovations creating plenty of jobs for immigrants as a result.
Strike While the Iron’s Hot
It is unarguably a golden period for immigrants inclined toward the tech sector. The best plan of action for them right now is to apply for Express Entry through the Provincial Nominee Programs to one of the tech-abundant provinces mentioned above. Funding from the municipal as well as the various provincial governments is being directed towards creating more jobs in the tech sector and this trend doesn’t look like it’s about to slow down anytime soon. With the Canadian government’s liberal immigration outlook, one cannot imagine a better time or place for a technical immigrant to build a lucrative career in one of the numerous technological vocations.
