For the second year in a row, the Waterloo Region is leading the country when it comes to tech job growth. Waterloo, Kitchener, and Cambridge have been named Canada’s fastest growing tech talent market, increasing its talent pool by nearly 66% in the last five years and adding 8,400 tech jobs. Kitchener-Waterloo’s thriving startup and tech scenes are two of the fastest growing market segments in North America too, trailing only Charlotte, North Carolina.
Six tech companies in the Waterloo Region were recently named in Deloitte’s Fast 50 too. An annual list that ranks the country’s fastest-growing companies, including Kitchener-based video marketing pioneer Vidyard. And while Shopify isn’t based in Kitchener-Waterloo, the Canadian ecommerce darling is making a big bet on the region’s tech talent by opening up a second office that will create 300 to 500 jobs over the next three years.
It should be noted that the tech sector accounted for 16.1% of all major office leasing deals in Canada last year, with Waterloo in particular making up nearly 22% of that alone.