More Tech Companies Making Big Bets in Toronto

More Tech Companies Making Big Bets in Toronto

Microsoft is planning a new, $570 million Canadian headquarters in Toronto, GeekWire reported last week, becoming the latest in a series of major US tech companies to announce large-scale investments in Canada:

The Redmond, Wash., software giant announced plans to build a massive new Canadian headquarters in Toronto, promising to invest $570 million in the facility. Microsoft expects to move into the new facility, located at 81 Bay Street, in Sept. 2020. The company will relocate its current Canadian headquarters and several other offices, dispersed through the country, to the new headquarters.

Toronto is having a bit of a moment on the global tech stage. Google sister company Sidewalk Labs is developing a plan to create an innovation district on the Toronto waterfront as a proof-of-concept for technologists who believe they can improve urban planning. Google plans to relocate its Canadian headquarters to Toronto as part of that initiative.

The very next day, Uber also revealed plans for a new Toronto office, announcing that it would spend around $154 million to build a new engineering hub there, doubling its Toronto-based tech workforce to around 500 employees. The ride-sharing startup will also be expanding its self-driving car operations there. These latest moves will further boost Toronto’s profile as one of Canada’s leading tech hubs, particularly for emerging technologies like artificial intelligence. Major tech companies have been investing in Canada at a steady clip over the past year, also including Salesforce, Alphabet’s DeepMind unit, and Facebook. Toronto is also the only non-US finalist for Amazon’s second North American headquarters.

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