GreyBrook logotype
Investor Login Contact Us

Toronto Film and TV Production Industry Sets New Record in 2021

Date:
April 21, 2022
Share:

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

When Markets Are Uncertain, Why Investors Continue to Watch U.S. Multifamily

Multifamily
October 7, 2026

Listen to this article: It is difficult to find a market conversation today that does not eventually lead back to interest rates. For Canadian advisors, there are particularly good reasons to be paying attention. U.S. Treasury yields have moved materially…

Greybrook is Proud to Support York University’s Men’s and Women’s Hockey Teams as They Kick Off a New Season

Community
October 2, 2026

Last season, Greybrook became the first-ever lead sponsor of York Lions Men’s Hockey. This year, extending that support to the women’s program was a natural next step and reflects something we believe deeply: sport shapes future leaders. It is an…

Greybrook Proudly Supports Velo Blu at the 7th Annual Charity Bike Ride in Niagara

Community
September 25, 2026

Greybrook team members rode in support of the 7th Annual Velo Blu Charity Bike Ride in Niagara-on-the-Lake, helping raise $270,000 to advance research into rare childhood diseases and gene therapy through the Blu Genes Foundation. Held at the scenic Peller…

Greybrook Supports the 17th Annual Constantine Yorkville Run as Presenting Partner

Community
September 22, 2026

On Sunday, September 20, Greybrook joined runners, walkers, volunteers and community supporters at the 17th Annual Constantine Yorkville Run, coming together to raise funds for charities making a difference across Toronto. As a Presenting Partner, Greybrook was proud to once…

Greybrook Sponsors Canada Lounge at Future Proof Festival, The World’s Largest Four-Day Wealth Management Festival

Community
September 21, 2026

Members of Greybrook’s Institutional Capital Markets team recently attended and sponsored Future Proof Festival, the world’s largest four-day wealth management festival, held in Huntington Beach, California. As part of its sponsorship, Greybrook supported the QWealth Canadian Lounge, a dedicated gathering…

Lindsay Heights Set to Welcome a Major New Retail Addition with Walmart Supercentre

Portfolio Updates
September 14, 2026

Lindsay Heights, our low-rise, master-planned community in the City of Kawartha Lakes, is set to welcome one of its most anticipated neighbourhood retail additions with the opening of a Walmart Supercentre. Located at the northwest corner of Lindsay, at Highway…

Waldorf Astoria Miami Advances to its Ninth and Final Cube as The Supertall Nears Topping Out

Portfolio Updates
September 8, 2026

This advancement marks a significant milestone for Florida’s first supertall Downtown Miami residence, a signature hallmark of the renowned Waldorf Astoria brand, offering a collection of 205 luxury hotel guestrooms, dedicated five-star service and once-in-a-lifetime experiences. Construction of the staggered…

What Actually Signals a Multifamily Market Is Turning?

Uncategorized
August 21, 2026

Listen to this article: The best time to buy durable assets is rarely the moment they feel comfortable to buy. In multifamily, rent growth tells you where a market is today, but the conditions that signal where it is heading…

Boardroom Brief: EP. 15 – Why Dallas, Why Now? How Shifting Cycles Have Created Opportunity

Insights
August 20, 2026

Dallas-Fort Worth has been one of the most closely watched multifamily markets in the United States over the past several years. Long-term population and employment growth, rapid corporate relocations, relative affordability and a deep, diversified economy have helped draw a…

Greybrook’s Expansion into U.S. Multifamily Marks the Evolution of Our Investment Platform

Multifamily
July 13, 2026

The launch of the Greybrook U.S. Multifamily Income & Growth Fund reflects our continued evolution as a North American real estate investment platform — expanding into institutional-quality, income-producing U.S. multifamily assets and giving investors access to a strategy built around…

All Posts

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

Contact us