July 21, 2020
Scoring Tech Talent 2020
The Scoring Tech Talent report is a comprehensive analysis of labour market conditions, costs and qualities for highly skilled tech workers. The top 50 markets in the U.S. and Canada were ranked according to their competitive advantages and appeal to both employers and tech talent.
Vancouver ranked #12, the 2nd highest ranked Canadian city, among the 50 top tech markets analyzed. Here are a few reasons why:
- The 2nd lowest annual operating costs in comparison to the other cities — costing $30.2M USD to operate vs. $62M USD to operate in the highest ranked city (San Francisco).
- Experiencing brain gain where there are more jobs added than tech degrees
- Strong tech labour market pool with an 47.9% increase in total tech talent in 2019
- Balanced level of competitiveness for talent
- Healthy pipeline of tech talent
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Vancouver Office MarketView Q4 2021
Vacancy rates for all classes of office product in Metro Vancouver decreased by 40 basis points (bps) to 7.0% in Q4 2021 2021. Even though 543,000 sq. ft. of new office inventory was introduced this quarter, nearly three-quarters were pre-leased prior to construction completion.
Vancouver Office MarketView Q3 2020
Metro Vancouver office vacancy increased for the second successive quarter to 5.4%
Vancouver Office Stats Q4 2023
Market HighlightsFollowing a period of significant development, the office pipeline is lightening, with some suburban projects on hold until economic uncertainty clears.
British Columbia’s Digital Technology Supercluster
Since the 1960s, BC has been growing as a technology-enabled economy. Companies in BC introduced the world’s first cellular radio, developed the technology that powered the first broadband internet networks, and commercialized the world’s first quantum computer.
