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

Home Construction is Underway at Eversley Estates in King City

July 18, 2024

Following the completion of preliminary site work, home construction has commenced at Eversley Estates, our low-rise King City community developed in partnership with Treasure Hill. Comprised of 105 luxury estate-style homes, this picturesque enclave will redefine rural elegance with classically…

Greybrook Announces Passing of Founder Elias Vamvakas

Company News
July 11, 2024

  It is with heavy hearts that the Executive Team at Greybrook announces the passing of our cherished founder, Elias Vamvakas, today, after a courageous battle with pancreatic cancer. Elias was 65 years old. Elias Vamvakas was a visionary leader…

Symphony Towns Community Welcomes Newly Completed Dale Hawerchuk Park

July 9, 2024

We are thrilled to announce the recent completion of Dale Hawerchuk Park at our Symphony Towns low-rise development with partner Marlin Spring in South Oshawa. The park’s official opening took place last month during a naming ceremony, which included speeches…

Construction Advances at our 181 East Mid-Rise Development

June 27, 2024

Construction continues to advance steadily on-site at our 181 East development, with the building now fully enclosed. The development team is currently focused on completing the interior fit-out process. The project has completed the selection process for finishes and upgrades…

Home Closings and Construction Progress Continue at our Greenhill Development in Oshawa

June 26, 2024

Greybrook is pleased to share the latest updates on our Greenhill project, a 115-unit development of single detached homes and townhomes at 739, 757, and 787 Conlin Road East in Oshawa, Ontario, developed alongside partner Stafford Homes. Since February, we…

Historic Foundation Pour Kicks Off Vertical Construction at Waldorf Astoria Hotel and Residences Miami

Portfolio Updates
June 25, 2024

Recently our Waldorf Astoria Hotel and Residences Miami achieved a remarkable milestone with a historic foundation pour led by John Moriarty & Associates alongside CAPFORM. Over 31 uninterrupted hours, 195 construction workers and a continuous rotation of 1,240 trucks delivered…

Greybrook Cambridge II Land Development Invesment Announcment

Greybrook Invests $24,680,000 in a Land Development Project in Cambridge, Ontario

June 20, 2024

Greybrook announced today the successful closing of an equity investment by its managed issuer of $24,680,000. The funds will be used to acquire and manage a development spanning 95.7 projected net developable acres, located north of Maple Grove Road, between…

Waldorf Astoria Hotel & Residences Miami

Greybrook, PMG, Mohari Hospitality, S2 Development and Hilton Secure $668M in Construction Financing for Waldorf Astoria Hotel & Residences Miami

Multi-Family
June 14, 2024

Greybrook, along with partners PMG,  global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) proudly announce they have secured $668M in construction financing for Waldorf Astoria Hotel & Residences Miami. This monumental milestone marks the…

Greybrook Team Support Baycrest’s Bike for Brain Health

Culture
June 5, 2024

On June 2nd, the 3rd annual Bike for Brain Health saw thousands of participants, including a team from Greybrook, ride the Don Valley Parkway and Gardiner Expressway traffic free to raise money for the Baycrest Foundation’s fight to defeat dementia.…

Society Wynwood Welcomes First Residents in Miami

Portfolio Updates
May 17, 2024

Society Wynwood, our multifamily residential development in partnership with PMG, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the…

All Posts

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

Contact us