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Toronto Created More Tech Jobs Than San Francisco Bay Area, Seattle, and Washington Combined Last Year (bloomberg.com)
Toronto's tech scene is so hot the city created more jobs than the San Francisco Bay area, Seattle and Washington, D.C., combined last year, while leapfrogging New York in a ranking of "talent markets." From a report: Toronto was the fastest-growing tech-jobs market in 2017, according to CBRE Group's latest annual survey, released Tuesday. The city saw 28,900 tech jobs created, 14 percent more than in 2016, for a total of more than 241,000 workers, up 52 percent over the past five years, CBRE said. Downtown, tech accounted for more than a third of demand for office space. Canada's biggest city took fourth place in "tech talent," a broad measure of competitiveness, pushing New York down a notch and coming in just after the Bay Area, Seattle and the U.S. capital. CBRE ranked 50 markets across North America, using measures such as talent supply, concentration, education and cost as well as outlooks for job and rent growth for both offices and apartments. The real estate services firm cited some 5 million technology workers in the U.S. and more than 830,000 in Canada, across all sectors.
How aboot that, eh, y'hosers!
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
When the median house price in San Francisco is over $1.6m, using the 1/3rds rule, you need to be making $533k in salary to realistically own a home there. People are starting to realize you can live on an acre of horse property, with an eight bedroom mansion, in most of the rest of the country and still have money left over to feed the horses for the same amount. And the startup talent in SF is also mostly becoming kids that think they know how to be successful because they have a cool idea for an app, with no business or technology training or experience...
Just because I can hook a shark from a boat, I do no offer to wrestle it in the water.
These are just glorified call centers with very low wages.
Toronto had a recent mass shooting. No doubt that they will blame California for that.
and the people there are hateful assholes.
Otherwise, I'd be interested.
Thanks Obama....
There's an old joke in Canada, that Toronto believes it's the centre of the universe(or at least Canada). It's not far from the truth, every major company in Canada is either fully or partially headquartered there or within 150km of it. For tech, you're guaranteed front access to the best place in the country for internet as well. 151 Front St, basically every ISP connects there, and every data center in the country has a massive presence there. It's the heart of money in the country, seat of provincial government, and within ~5hrs(train), 4-6hrs car to Ottawa. Letting you get all the hobnobbing in that anyone who wants to make connections could care to do.
Downside to Toronto? Nearly 75% of the 1/3 of the population of Canada(Windsor to Ottawa) lives in the area. Your workers need massive pay to live there. The median housing price is $1.58M, but the average worker makes less then $60k/year. In my area, the average income is $43k/year(that's around 140km from Toronto), but the housing prices are well over $400k/year these days. There's a lot of commuting from London, Woodstock, Kitchener and Waterloo and Milton(from the south) into Toronto now as people have been priced out of housing, and that's *in* the tech sector. Renting? Ha good luck. When I was living on Broadview(that's just off the Danforth where the shooting was a couple of days ago back in '06ish), I was paying $1200/mo in a basement apartment and that was a deal. It's around $3800/mo right now, worse in other areas. Living in an apt. building, that has a literal roach problem can run you $4.2k/mo right in the downtown area.
On top of that living in Canada is expensive. Right now you're looking at $1.24-1.46/L($4.50-6/gal) for gas, you're going to drive a lot. Electricity during peak(8-20h) is $0.185kWh. Despite "free healthcare" you're gonna be waiting a long time for surgery, say 1.5yrs for cataract, 1-2mo for cancer diagnosis, another 1-3mo for starting treatment after that diagnosis. Up to 12mo for bypass surgery. On top of that, medications and dental aren't covered so you'll want to get supplemental health insurance from a company like greenshield.ca or blueshield.ca that'll help but figure $150-300mo/person. Many companies have some type of plan, but there's plenty that don't. Don't hope to have a family doctor, plenty of people don't. Some have been waiting 10 years to get one. Also don't hope on finding a specialist for anything nearby, you might have to drive up to 400km even living in Toronto to get one. Whole bunch of stuff I'm forgetting as well.
Om, nomnomnom...
He has back problems and won't fly - "I sat down in 2005".
This is the deep learning industry growing around his lab.
https://www.nytimes.com/2017/0...
Those high prices are thanks to the region's stupid growth planning. If prices are so high, where is all of the new construction? At those prices San Francisco and the Valley south of there should be on a building spree of new high-rise construction which would make tons of money for developers and push up housing supply which would lower prices for everyone. This isn't being allowed to happen by local government and now those people selling us our food live in poverty at $20 an hour.
The Bay Area's housing price problem is a simple problem of supply being kept artificially low in the face of huge demand. This has been going on long enough that it looks like it is finally effecting the region's economy.
I ignore Anonymous Coward posts. If you want to discuss something, that's awesome. Log in.
when it comes to anonymous gay sex. I get my cock sucked on a daily basis, never once the same twink. No matter where I am, I can do to the bathroom, whip out grndr and have another man's lips wrapped around my engorged pecker before I'm finished taking a shit. I was in Toronto for a week and had to jerk off a couple times! It's that bad!
Toronto also created more shootings than all of those other cities combined.
Something like 650 gun related incidents a year now.
Leela come in Leela
Sadly, Ontario just gave a Trumpoid former drug dealer and his fundamentalist Conservative Party a majority government. No doubt they'll claim this is all thanks to them (although they've only been in power for a couple of weeks). And when they blast the provincial debt through the roof with unfunded tax cuts, then sell off taxpayer-owned assets to pretty up the books, they'll blame everybody but themselves. It happened before with a cretinous monster named Mike Harris.
Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.
Right now, our total household income (both wife and I work full time in I.T.) is nowhere near $250,000/yr. -- but we certainly qualify as "upper middle class".
My current mortgage payment is around $1,600/month and that's for a 2,200 square foot, 3 bedroom house with a 2 car detached garage, in Maryland.
If I looked at the extra income we'd have if we had $250,000 between us each year? I'd still be really hard pressed to sign on the line for any mortgage resembling $6,000+ per month! We pretty much live paycheck to paycheck on the current income, by the time you consider the costs of raising 3 kids and the (I think reasonable) decision for both of us to buy nice, newer model vehicles to drive around.
The tendency for lenders to loan money and make recommendations on "what you can afford" based simply on percentages of your total income is what got a whole lot of people in over their heads with home buying before the last economic crash.
There's so much else to consider, including the rising cost of KEEPING whatever home you buy as its cost increases. If you have more land, you have more yard maintenance to deal with. Did you budget the cost of all that landscaping in? (I have a bunch of trees and shrubs that grow over the property line on both sides of my house, requiring constant pruning back. If you slack off on that, they clog the gutters and lead to water problems in the basement -- multiplying your cost of dealing with it all. Last time I got a quote to trim back just one side of that mess? The guy wanted over $2,000 for his landscapers to cut it all back to the fence line and haul it all away.) If you have more square footage, you owe more every year in property tax AND more in utility bills to keep that much air space heated or cooled.
Even our basic bills for sewer and water have gone up exponentially. Clean water used to be something most people just received as almost a "throw away" bill. You know .... every few months you'd have to send the water company $30-40 to keep it paid up. Not anymore! The cost to treat the river water where I live is really high, and they have to pass it on to customers. Quarterly bills of hundreds of dollars are the norm.
I have to wonder with anti-everyone almost Trump policies in the US if Tech companies aren't just relocating to Canada because you don't end up in silly situations such as your lead tech speaker being denied at the border due to race issues or something else going wrong in the US such as the Tariff wars that are going on now. Canada has the accessibility from Toronto to International Markets and isn't busy trying to Tariff everything.
The Trump clone that is PM of Ontario is doing his best to drive industry away and from all report, he is suceeding.
We will be very happy if you take PopeRatzo off our hands.
Downside to Toronto? Nearly 75% of the 1/3 of the population of Canada(Windsor to Ottawa) lives in the area.
Your post was good, but I have to laugh at this. It reminds me quite a bit of some of the shell and perl I inherited on my job from past employees who are now gone. 75% of 1/3 is 24.75%, or by rounding up, 25%. But I guess it's more fun to say "75% of 1/3 of Canada's population" than "25% of Canada's population".
He might not be the brightest politician in Canada but he is under adult supervision. The Conservative party limited his tweeting before the election and I'm sure they will take it away soon. He can blow a lot of hot air but he won't actually do much. His powers are limited and he has few allies in his party. The cabinet seems to have been chosen from the most competent elected members of the Conservative party. (disclaimer - for the first time ever I spoiled my ballot in the provincial election. I didn't like any of my options. I thought Wynne was by far the smartest leader but her party became to socialist even for me. I would have voted Conservative if the party had chosen either Christine Elliott or Caroline Mulroney)
With all due respect, did anyone investigate the quality of jobs? In my experience, Canada gets all the shit jobs that US-based companies outsource to them. Who cares how many low-paying shit jobs get opened in Canada? What matters is how many quality jobs open here. How many new businesses actually have their world HQ in Toronto?
Nobody would vote a drug dealer into power, no matter what your allegation. If you're talking about the Globe and Fail hit piece on Doug Ford from four years ago, none of the sources were identified and there has never been a single shred of solid evidence or record of police interaction.
I don't know what Trump has to do with Doug Ford, but I don't recall Trump stumping for Ford, so you are wrong there too.
The Liberal party ran the provincial debt up from $132 Billion to $308 Billion for sixteen years from 2002 to 2018 due to profligate spending. While you would love to blame Doug Ford for something he hasn't yet done, the Liberal Party and NDP have a clear record of running up deficits.
You lied about Ford, you ignored the record of the previous government in power for nearly two decades, and you are speculating on something that hasn't happened yet. Pathetic mudslinging at its worst. No wonder people are so fed up with your ilk.
Increase the TAXES!!! CA can't handle all the poor, they need to increase the taxes.
Of bums, tramps, druggies looking for free this or that, and the influx of kids driving the housing costs through the roof?
...gets loose from the constant buttfucking. They literally cannot hold in their shit...even with a buttplug!
...had all the faggots and Toronto had all the frogs.
Datavirtue is relatively wealthy in a economically depressed part of the country. He boasts about how cheap everything is there but can't figure out why the bank considers his home to be a risky investment. When all your neighbors are a welfare cut away from becoming renters the limousine liberals at the bank decide your house is a risk even when you're white! Unfair!!
Maybe if he learned about accounting, economics, or business he could figure out how to run his 'small business' and not feel bad after paying the taxes that feed 15% of his state, the 3rd largest consumer of welfare in the country.
Because all H1B indians moves there, Turdeau's wet dream achieved. Not so funny for the displaced locals, especially the middle age white males, thw few remaining ...
So a real estate organization is an authority on jobs and techiness of areas eh? My call? BALONEY. The assertion may be true or may not be, but a "survey" by a real estate group just isn't a source that properly avoids a critical eye. This could just be baloney to heat up Chinese purchases of real estate in Canada outside of the West Coast. Actually that is likely EXACTLY what this "report" is.
A real estate group report forecasting the value of property by evaluation of tech job growth is like a primary and secondary school ranking published by the man-boy love association. Just too much impure interest there.
In the WH. No, no, nothing here, nothing to do with a national healthcare system (which means corporate benefit costs are vastly less, and don't go up 5%, 10%, 30% every year, as they do here.
And Toronto just completely banned handguns. I suppose Canadians aren't that afraid of either their government, or of each other.
Nah, there are no good reasons....
Lots of posts about prices of housing in Toronto, not sure why they're quoting 1.5 million. Average price in the GTA, that's Durham in the east, Halton in the north west, Peel in the west and York, that being Toronto, was under $800,000 CDN. The median is lower than the average, about $150,000 as of July, 2018. Right now, $700,000 CDN is $535,500 USD. Nowhere near the prices posted in some posts here. To be honest, we don't really want Americans moving up here, at least I don't. We have a decent degree of racial harmony, lots of cultures and ethnicities co-mingling and we're pretty happy with that. Our police can be caught profiling but they don't shoot as many African Canadians as are shot in the U.S. We've got our own problems but they pale in comparison to those south of the border. You're in deep, deep dodoo down there but I don't think you realize it. Politics is pretty much a team sport down there, we've got several parties federally and provincially. We actually switch from one to the other on a reasonable frequent basis. We also turf parties that fail to meet our standards. It's not Utopia up here but it's not bad. We don't go into debt when we get sick. Our infrastructure is solid. We're pretty smart about where we send our military to die. Oh, and we don't do the jet thing at every sporting event. Nine times out of ten, our military personnel aren't dying for our 'freedom', they're dying for someone else's freedom. I think the last war we started was .... wait, maybe there wasn't one. If our government started throwing the military in our faces every chance they got, we'd laugh about it then get rid of them. The Guess Who's 'war machine' was apropos then and it is now.
I know I took a while to respond here, but in case you're still following replies to your posts?
I agree completely with this other guy who replied to you on this. Buying old, cheap used cars is a fool's errand UNLESS you enjoy working on them yourself AND have the flexibility and free time to do it.
I spent a LONG time learning that lesson. (Screw those lying bastard mechanics that preach about it always being wiser and cheaper to keep your old vehicle running. That's the line they give you to ensure their pocketbooks stay well lined.)
I have friends who were employed as engineers in the auto industry, and they'll even tell you they're constantly paid to only engineer vehicle parts to last a certain target number of miles and years of use. If they make it more durable than that, it's considered "over-engineering" it and a cost liability that has to be adjusted by using cheaper/less reliable alternatives. For example, if a plastic gear will do for something like a power window assembly, you can bet they'll choose that over the steel gear that would clearly outlast it. It's lighter weight AND a bit cheaper. Both of those attributes are multiplied by the hundreds of thousands of vehicles they plan on building that way.
So many of the older cars you see on the roads, making up those statistics about "cars lasting longer these days" have back-stories about all the maintenance costs sunk into them to keep them going. Often, people have a certain sentimental attachment to an older car so they spend more than it's worth to keep it. Other times, they just believe that gamble that, "If I just do this ONE more big repair, it should be good for a while." But the fact is, every part in there is wearing out at the same time. Your 12 year old car that gets a brand new engine still has a 12 year old transmission, heating and cooling system, suspension parts and dashboard gauges and controls, plus sensors of all types. Even the frame/body is only designed to resist rust for so many years. It's likely getting "cancer" from the inside, out, in places like the lower door sills.
And depreciation costs? Meh... I always try to buy certified pre-owned so the first owner took that big initial depreciation hit, while I'm still getting a vehicle that's more or less in new condition. I've really never been upside-down on a car loan when I purchased one this way ... but obviously, you have to also look out for ripoff dealerships who overcharge for one.
When I bought my Jeep Wrangler, in fact? I bought brand new and STILL came out with almost 0 depreciation after a few years, because Chrysler kept upping the price for the same vehicle year after year.
I agree that buying a car that is too old can cost you more than a newer car, but that doesn't mean you have to buy a new or CPO car.
My wife and I have bought about 25 cars in our lives. 5 of those were bought new. I have never bought a CPO. I only bought one used car from a dealer. The oldest car I have bought was 40 years old.
All those used cars have been far cheaper to run when depreciation is considered than the new vehicles. All of them. And I don't do a lot of work on the cars myself (with the exception of the 40-year old car (now 60 years old).
One car I bought was a Ford Thunderbird. It was 15 years old when I bought it. It cost me $1800. I ran it for 3 years, with one repair (done at a local shop for $500) and at the end of that time, it developed a catastrophic problem, so I scrapped it. So that is less than $800/year. There isn't a new or CPO car in the USA that will cost less than $800/year (apart from your Wrangler), when depreciation is taken into account. Another older car I bought, I ran for 9 months, did zero maintenance and sold it for more than I paid for it.
My daughter bought a 15-20 year old car a couple of years ago, ran it for two years. No repairs needed, then it got written off in an accident. The insurance company paid her more than she had paid for the car.
I have a Subaru, which I bought from a private seller. Prior owners had experienced depreciation of about $4000/year on this car. My depreciation has been about $1000/year. Repairs (all done professionally by a local shop) have cost nowhere near $3000/year.
Also, insurance is more expensive on newer cars.
I have heard that some manufacturers (eg. Chrysler) design parts with a minimum lifetime of 100,000 miles. However, other manufacturers appear to design cars with the intent that the car should last longer. The vehicle that I have owned with the biggest repair costs: a Chrysler. Perhaps there is a connection between those two facts? In other words, when buying an older car, it's important to consider the manufacturer.
Your "Meh" suggests that you really are not accounting fully for your depreciation costs. Most people don't.
The real "Libtards" are the Libertarians!