Talent Development Centre

Regional Job Market Update for Toronto, Ontario

Brendhan Malone By Brendhan Malone,
Vice-President, Central Canada at Eagle

Toronto, Ontario CanadaThe IT job market in and around the Great Toronto Area continues to have a positive outlook for technology professionals. Hot off the heels of being named the fastest growing tech centre in North America in a recent study by BMO Capital Markets, and #4 overall in terms of size, Toronto continues to be filled with a wide range of opportunities.

The major banks continue to “drive the bus”, so to speak, as they compete to stay ahead of the curve and continue with innovative projects. Specifically, they’re nearly constantly investing in Security, Anti-Money Laundering, Big Data, Customer Experience and Artificial Intelligence (AI). Their desire to work with the best people is ensuring that demand for these talents remains high and is not slowing down.

The other major industry driving the GTA IT job market is telecommunications. There is fierce competition among the Telco Giants and their battle for the most superior customer experience is driving their talent needs. On top of regularly investing to improve in their services, security remains a constant and major investment in this industry, thus driving a high demand for security experts with telecommunications experience.

Perhaps the even more exciting IT job opportunities coming out of Toronto stem from the continued and increasing investment from tech giants. Amazon, Google, Microsoft and Uber (just to name a few) have all opened or expanded offices in the area, creating full-time and contract opportunities alike for IT professionals across the spectrum.

Toronto is a home for tech talent and these companies’ investment in Toronto verifies this.  Instead of  the famous movie line “if you build it they will come” from Field of Dreams,  a more appropriate slogan for Toronto is  “they are there, so lets go build it.”  With 241,000 (CMBA) tech workers, and a talent pool that is growing faster than any other market in North America, Toronto is proving to be a place to be for growing tech companies.

In conclusion, Toronto is an exciting place filled with job opportunities for IT experts, but also filled with strong competition for the leading jobs. Companies are looking for the best people to do the job and hiring quickly once they find them. My advice to a job seeker is to ensure your skills are up-to-date, your resume is always current, and be prepared to submit your information quickly to recruiters as new jobs open up.

Leave a Reply

Your email address will not be published. Required fields are marked *