GreyBrook logotype
Investor Login Contact Us

Toronto Film and TV Production Industry Sets New Record in 2021

April 21, 2022

The city’s film and TV industry saw incredible activity in 2021 with a massive investment of $2.5 billion in direct spending in film, television, and digital media productions, Mayor John Tory announced last month(1).

After a record-breaking year, Toronto’s production industry is set to experience rapid growth and momentum again in 2022.

A total of 1,468 productions and over 7,800 production days were filmed in Toronto last year, with that number set to rise this year. The city experienced growth in all categories: major studio productions (feature films, television series, music videos, reality TV), VFX and animation, and commercials. Although the hype for Toronto has been steadily building, the city has been a prime production location for years.

Helping to shape Toronto’s film and TV ecosystem, Netflix has been an active force in the development of Toronto’s production infrastructure and workforce with an already established production hub and plans to open their first Canadian office in the city. Other major players, such as Amazon Studios are also contributing to Toronto’s global position as a leader in mainstream content creation.

Brand new physical production facilities and post, VFX and animation studios opened their doors in 2021, with studio space set to grow by 63% over the next five years. Of these future developments, a massive film and TV production studio complex will be built in North York’s Downsview neighbourhood, which will span over 370 acres and set to create over 2,500 full-time jobs. Toronto will also be home to a $250 million state-of-the-art film, television, and media hub, aiming to build an accessible, dedicated space for media creatives on Basin Street.

This exciting growth also comes with its challenges as demand for studio space and productions surge, the industry finds itself struggling to fill the local talent pool. With the city recently ranking number two on MovieMaker’s list of the “Best Places to Live and Work as a Moviemaker in 2022”, the city hopes to meet the demand by attract skilled workers from across Canada and internationally To help address this labor gap closer to home, in 2021 Toronto announced a new initiative to educate and train individuals about careers in the film industry, as well as guide them towards the more demanding jobs with industry partners and community groups.

As production companies continue to expand to Toronto and make big investments in the local economy, talent and infrastructure will play key roles in sustaining this historic momentum and rapid growth within Toronto’s thriving film and TV ecosystem.

“The film production industry in Toronto generates hundreds of millions of dollars each year for our local economy, while creating thousands of new, highly skilled jobs within the rapidly growing screen industry sector. Production companies continue to flock to Toronto to make big, new investments that keep our expanding pool of studio space busy and provide employment for our growing and evolving workforce.”

– Deputy Mayor Michael Thompson (Scarborough Centre), Chair of the Economic and Community Development Committee

1) Toronto’s screen production industry sets record with more than $2.5 billion in direct spending in 2021

Latest Insights

Lights, Camera, Investments: Toronto’s Thriving Role as Hollywood North

February 20, 2024

In a groundbreaking announcement last month, it was revealed that Amazon MGM Studios will assume the exclusive lease for Pinewood Toronto Studios situated in the heart of the city. This multi-year commitment grants Amazon MGM Studios control over five expansive…

Watch Our Lindsay Heights Virtual Home Tour

February 16, 2024

As our Lindsay Heights sales program alongside developer partner Tribute Communities continues, we invite you to watch a virtual walkthrough of the launched project. Take a stroll through our meticulously designed 36′ and 20′ homes and catch a glimpse into…

CEO Sasha Cucuz Shares Real Estate Market Update on Rock Star Webinar

February 16, 2024

During a recent Rock Star webinar, Sasha Cucuz, CEO of Greybrook Securities Inc., participated in an engaging discussion with webinar hosts Tom Karadza and Nick Karadza from Rock Star Real Estate Inc. The discussion delved into the GTA investment landscape,…

Greenhill Towns in North Oshawa Continues to Welcome Homeowners

February 12, 2024

Since our last update, construction has progressed considerably at our Greenhill Townhome community in North Oshawa, and we continue to welcome homeowner occupancies following an initial wave of move-ins last summer. The 115-unit freehold townhome and single detached development located…

CEO Sasha Cucuz Shares Market Insights on Brunch with REC Canada Podcast

January 22, 2024

In a recent guest appearance on the Brunch with REC Canada podcast, Sasha Cucuz, CEO of Greybrook Securities Inc., joined hosts Jas Takhar and Simos Papailias, Co-Founders of REC Canada, for a candid discussion on the state of the real…

Occupancies Continue at Linx Condos in Danforth Village

January 22, 2024

Our Linx Condos project with developer partner Tribute Communities continues to welcome new residents to the nearly completed 27-storey mixed-use condominium after a wave of first occupancies in late 2023. The architecturally captivating tower design creates a new landmark in…

CEO Message and Outlook for 2024

Company News
January 18, 2024

As we begin the new year with optimism and determination, we look forward to capitalizing on opportunities for growth in 2024 and forging ahead in our existing investments with a commitment to maximizing our investor returns and prudently managing risk.…

Watch Greybrook’s 2023 Sizzle Reel

Company News
January 16, 2024

It provided us with valuable perspective while reinforcing our commitment to navigating complexity on behalf of our investors, partners, and employees. Over the past year, our team has worked diligently to advance our active projects, while remaining focused on identifying…

Our Symphony Towns Low-Rise Community in Oshawa Nears Completion

January 15, 2024

Recent construction efforts have driven significant advancements in the development of our master-planned, 212-unit townhome community situated in the well established Parklands district of South Oshawa. Our Symphony Towns low-rise community with Marlin Spring, which broke ground in mid-2021, is…

Greybrook and PMG Celebrate Topping Off of Society Atlanta

Portfolio Updates
November 29, 2023

Slated for completion in Fall 2024, the property will bring 460 stylish residential units, over 87,000 square feet of office space and 14,500 square feet of retail space to Midtown Atlanta Greybrook and PMG are pleased to announce the topping…

All Posts

Join our newsletter and keep up to date with our news & insights

Contact us