While Vancouver keeps touting itself as Canada’s Silicon Valley, it seems Montreal and Toronto have us beat when it comes to the tech game.
Vancouver came in 13th in Expert Market’s list of the world’s best tech hubs, while Montreal and Toronto placed 9th and 3rd respectively.
While Vancouver ranked first for the length of time it takes to start a business, the city’s cost of living made it drop in the rankings. Vancouver ranked 9th for the cost of the average rent, and 16th for startup output. For average salary, Vancouver ranked 13th.
By comparison, Montreal ranked 5th for cost of living, and 3rd for rent, with Toronto swinging in at 7th for both.
“Our philosophy is that if you are to thrive in an area, either working in tech or building your own company, you need a balance between potential corporate success and an enjoyable lifestyle,” reads a post about the rankings on Expert Market’s website. “This is why areas such as San Francisco, London and New York do not come out on top – even though they are considered to be among the top 5 global startup ecosystems.”
It might surprise some people to learn that Berlin is the world’s top tech hub as ranked by the business resource comparison website, but the comparatively low cost of living and rent boosted the city significantly.