Toronto Tech: Why Canada Is Attracting the ‘Best’ People
With Donald Trump making it harder to gain visas to the US, its neighbour is benefiting from a ‘brain gain’
By Andrew Edgecliffe-Johnson
“Nobody calls it Maple Valley,” says Yung Wu. What about Silicon Valley North? No, that nickname hasn’t caught on either, he replies amiably: “We’re not Silicon Valley.”
Toronto’s understated technology community has politely defied outsiders’ attempts to define its rapid growth in relation to California’s unmatched innovation engine. Yet veteran entrepreneurs such as Mr Wu admit to taking some pride in last year’s discovery that Canada’s largest city had created more tech jobs than San Francisco — or any other US metropolis — in the preceding five years.
Its population of software developers, engineers and programmers grew by more than half between 2012 and 2017, according to CBRE, the commercial real estate firm. The 82,100 technology jobs it added over that period made it North America’s fastest-growing tech centre, CBRE calculated, to the surprise of many south of the border.
Mr Wu, who runs a hub for start-ups called MaRS Discovery District on the site of Toronto General Hospital where the use of insulin was pioneered, sees several…
