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Toronto is poised to become a producer of tech startups

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Re: Toronto is poised to become a producer of tech startups

#41
post #38

Who is going to move to Toronto to join the tech scene? If given the choice who is going to choose Toronto over Bay Area or Seattle? Without it having a massive draw it won't even register compared to Bay Area or even Seattle.

I would. It is so expensive here...

If you think buying a house in the Bay Area is crazy, getting ready for the speculative madness of Toronto.

Re: Toronto is poised to become a producer of tech startups

#42

Who is going to move to Toronto to join the tech scene? If given the choice who is going to choose Toronto over Bay Area or Seattle? Without it having a massive draw it won't even register compared to Bay Area or even Seattle.

I did. Toronto is a great city. I've traveled a good deal in Canada, and the US, and while I can't compare it to cities outside of those two, I will say that I still consider the best city I've ever experienced.

While the tech scene isn't as hot as the other regions you mentioned, it's still strong. Very strong. It's also starting to be noticed by the bigger players (with Google and Apple both investing in the region). Currently I'd say the biggest weakness for tech in Toronto is the financing side, with the traditional financiers being very focused on revenue and getting cash flow positive early in a company's cycle (a very Canadian, risk averse business culture), as opposed to the riskier but higher reward models favoured in the valley. But the greatest strength is easy to spot: the city itself.

It would be easy to argue that Toronto is the most cosmopolitan city in the world. The standard of living and quality of life are very high, and widely recognized by publications such as The Economist. The diversity in the city isn't just surface deep either: Toronto boasts one of the most diverse economies for a large city in North America. The strong tech industry sits aside a very strong finance industry, media industry (tons of television shows and movies are produced in Toronto), fashion industry and others. The way I like to explain it to people is that Toronto is not the best at anything -- but it is among the best in almost everything.

So there's lots of work. The other ingredient is that there is also lots to do. The strong cosmopolitan nature of the city means a dizzying array of options for dining. Those options are not just the affordable "ethnic food" you typically think of, but run the full gamut from affordable and delicious to some of North America's best fine dining. To that you can add world class museums, excellent (if under built) transit, many interesting bars and cafes, housing that's quite affordable compared to the bay area (I own a townhouse close to the city centre), hot summers and reasonably mild winters, government provided universal health care, and so on and so on.

So yes, people definitely do move here to join the tech scene, but not people whose ONLY consideration is the work they do everyday. That's an important consideration -- perhaps THE most important consideration when looking for a place to live, but it should not be your only consideration. Once you start to add in the other factors Toronto looks fantastic.

Re: Toronto is poised to become a producer of tech startups

#43
Ultimately if Toronto wants to be the best they will pay the best (adjusted for cost of living). They're best bet is that the bay cost of living becomes so unbearable that they can be competitive in take-home dollars.

As it is, the money for developers is in the bay by a huge margin.

Re: Toronto is poised to become a producer of tech startups

#44
post #42

Who is going to move to Toronto to join the tech scene? If given the choice who is going to choose Toronto over Bay Area or Seattle? Without it having a massive draw it won't even register compared to Bay Area or even Seattle.

I did. Toronto is a great city. I've traveled a good deal in Canada, and the US, and while I can't compare it to cities outside of those two, I will say that I still consider the best city I've ever experienced. While the tech scene isn't as hot as the other regions you mentioned, it's still strong. Very strong. It's also starting to be noticed by the bigger players (with Google and Apple both investing in the region…

How difficult is it for a U.S. citizen to relocate and start working there? Healthcare is only for Canadians, correct?

Re: Toronto is poised to become a producer of tech startups

#45

Earlier quoted context omitted.

If someone made me choose between the Bay Area and Toronto, I would pick Toronto. Every day of the week. Toronto's great. Sure, it's like the planet Hoth for a third of the year. But in every other way it's a more liveable city. The public transport in the core of the city exists and works, rather than being a cobbled-together mishmash of uncoordinated systems of which 2 out of 3 seem to be broken at any time. The re…

> and the people who look like lumberjacks probably are. As someone who grew up in a forestry town in Northern Ontario...Toronto is a world away, and much more similar to the Bay Area than where I grew up.

Oh, for sure.

But there's Brooklyn hipsters, and SF hipsters, and Toronto hipsters, and then there are actual forestry workers who come into town.

Re: Toronto is poised to become a producer of tech startups

#46

Earlier quoted context omitted.

If someone made me choose between the Bay Area and Toronto, I would pick Toronto. Every day of the week. Toronto's great. Sure, it's like the planet Hoth for a third of the year. But in every other way it's a more liveable city. The public transport in the core of the city exists and works, rather than being a cobbled-together mishmash of uncoordinated systems of which 2 out of 3 seem to be broken at any time. The re…

What is harder about Canadian immigration? I'd always had the impression the U.S. made things more difficult.

I'm Australian. We have a special visa, the E3, which is very easy to get.

Meanwhile almost everyone else is stuck in the H1B shitshow, which has in the past 5 years grown from merely "terrible" to "nuclear-powered self-propelling toxic thunderblob".

Re: Toronto is poised to become a producer of tech startups

#47

Earlier quoted context omitted.

Waterloo is arguably part of greater Toronto. The local commuter service (Go Transit) reaches all the way to Kitchener-Waterloo. I say "arguably" because it's a two-hour train ride each way, which is pretty brutal.

No Waterloo is not and will not call itself a part of greater Toronto. It's like saying Baltimore is a part of DC (just a little bit closer), or like saying Philadelphia is a part of New York City (just a little bit farther). Kitchener-Waterloo is a distinct town, and is a part of the original Canadian "Tech Triangle" - with the demise of RIM/Blackberry, it's lost the lustre but there's no way anyone can take serious…

Bad example, Baltimore and DC are usually considered part of the same metro area.

Re: Toronto is poised to become a producer of tech startups

#48

Eeh ... as a Torontonian developer I don't buy it. Most of the good graduates we have move to Bay Area or Seattle. If you want your career to progress meaningfully you pretty much have to move to the states. Maybe this might change in the future but the story on the ground is very different. Also nitpick - we are the fourth most populous city in North America, and only Mexico City , New York and Los Angeles have a la…

Dan Martell even moved to the Bay Area to build his companies.

Re: Toronto is poised to become a producer of tech startups

#49

Ultimately if Toronto wants to be the best they will pay the best (adjusted for cost of living). They're best bet is that the bay cost of living becomes so unbearable that they can be competitive in take-home dollars. As it is, the money for developers is in the bay by a huge margin.

The problem is that the cost of living is already extremely unaffordable and even more so in Vancouver. What could be a competitive advantage for either of these two cities in Canada is just not there. Sadly, the main major competitive advantage is a more lax immigration process over the US.

Re: Toronto is poised to become a producer of tech startups

#50

Ultimately if Toronto wants to be the best they will pay the best (adjusted for cost of living). They're best bet is that the bay cost of living becomes so unbearable that they can be competitive in take-home dollars. As it is, the money for developers is in the bay by a huge margin.

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