Proptech Collective has just published their inaugural 2021 Proptech in Canada report. Here are a couple of screen grabs that you all might find interesting:
What these images should tell you is that the Canadian proptech landscape is fairly Toronto-centric, but that it's also very much in its nascent stages. We're just getting started here.
I would encourage you to download a full copy of the report. It's very well done.
I can't open Twitter these days without seeing someone in the tech industry talking about moving or talking about someone who just moved to either Austin or Miami. "What's the best neighborhood in Miami for startups? My friend just moved to Edgewater. Where did so-and-so move?"
Here's a recent article from the WSJ talking about how accelerated tech-fueled growth is straining Austin. And below is a set of charts (from the article) comparing home prices in Austin and San Francisco. (Reminder, the California-to-Texas migratory pattern recorded the highest number of "net movers" last year.)
A recent study by the City of Toronto has looked at why tech firms cluster (agglomeration economies) and where they cluster in the city. Here are maps of what they found:
Proptech Collective has just published their inaugural 2021 Proptech in Canada report. Here are a couple of screen grabs that you all might find interesting:
What these images should tell you is that the Canadian proptech landscape is fairly Toronto-centric, but that it's also very much in its nascent stages. We're just getting started here.
I would encourage you to download a full copy of the report. It's very well done.
I can't open Twitter these days without seeing someone in the tech industry talking about moving or talking about someone who just moved to either Austin or Miami. "What's the best neighborhood in Miami for startups? My friend just moved to Edgewater. Where did so-and-so move?"
Here's a recent article from the WSJ talking about how accelerated tech-fueled growth is straining Austin. And below is a set of charts (from the article) comparing home prices in Austin and San Francisco. (Reminder, the California-to-Texas migratory pattern recorded the highest number of "net movers" last year.)
A recent study by the City of Toronto has looked at why tech firms cluster (agglomeration economies) and where they cluster in the city. Here are maps of what they found:
But in reading through the article, I am reminded that the challenges facing Austin are not entirely unique. Growing cities all around the world are being put in a position where they need to decide whether they want to remain car-oriented and relatively low-density, or if they want to make the shift toward more transit-oriented urbanism.
It's admittedly not easy, both politically and practically speaking. It's hard to rewrite deeply entrenched built form. But Austin is naturally looking at what happened in San Francisco, where restrictions on new development are thought to be partially (largely?) responsible for the city's unaffordable housing.
According to the same WSJ article, voters in Austin turned down two previous transit proposals. One was in 2000 and the other was in 2014. There was concern over too much urbanization. There was concern it would induce more people to move to the city. And there was concern that it would threaten the city's low-rise single-family homes.
But this year a transit plan was approved that includes three new rail lines, one of which will tunnel through downtown. Provided that Austin can effectively pair this with more housing, more uses, and more density -- which is generally what you need to make transit work -- then it may be well on its way to crossing, if you will, the chasm of urbanity.
Charts: WSJ
Downtown captured almost half (49.2%) of all tech employment in the city with some 29,701 jobs. The South Employment Monitoring Area, which is the area outlined above in blue, captured 63.4% of the city's tech base.
I usually shy away from headlines touting some total number of tech jobs because I feel that it can become a bit of a vanity metric. What about the quality of those jobs? How much venture capital have the companies raised?
But this report is different and it is interesting to see the extent in which tech has concentrated itself in the core of the city. As of 2019, jobs in tech establishments represented about 4% of all jobs in Toronto.
To download a copy of the report, click here.
But in reading through the article, I am reminded that the challenges facing Austin are not entirely unique. Growing cities all around the world are being put in a position where they need to decide whether they want to remain car-oriented and relatively low-density, or if they want to make the shift toward more transit-oriented urbanism.
It's admittedly not easy, both politically and practically speaking. It's hard to rewrite deeply entrenched built form. But Austin is naturally looking at what happened in San Francisco, where restrictions on new development are thought to be partially (largely?) responsible for the city's unaffordable housing.
According to the same WSJ article, voters in Austin turned down two previous transit proposals. One was in 2000 and the other was in 2014. There was concern over too much urbanization. There was concern it would induce more people to move to the city. And there was concern that it would threaten the city's low-rise single-family homes.
But this year a transit plan was approved that includes three new rail lines, one of which will tunnel through downtown. Provided that Austin can effectively pair this with more housing, more uses, and more density -- which is generally what you need to make transit work -- then it may be well on its way to crossing, if you will, the chasm of urbanity.
Charts: WSJ
Downtown captured almost half (49.2%) of all tech employment in the city with some 29,701 jobs. The South Employment Monitoring Area, which is the area outlined above in blue, captured 63.4% of the city's tech base.
I usually shy away from headlines touting some total number of tech jobs because I feel that it can become a bit of a vanity metric. What about the quality of those jobs? How much venture capital have the companies raised?
But this report is different and it is interesting to see the extent in which tech has concentrated itself in the core of the city. As of 2019, jobs in tech establishments represented about 4% of all jobs in Toronto.
To download a copy of the report, click here.
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