COULD TORONTO’S FILM AND TELEVISION BOOM GO BUST?

The era of peak television means that Toronto is experiencing a golden surge in production as film crews descend on city streets and studio spaces. But could the boom lead to a potentially disastrous bust?

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Toronto Mayor John Tory attends the groundbreaking for Pinewood Toronto Studios’ expansion on Oct. 19. It’s part of an estimated 1.15 million square feet of new studio space being added in the GTA. (ANDREW FRANCIS WALLACE / TORONTO STAR)

The era of peak television means that Toronto is experiencing a golden surge in production as film crews descend on city streets and studio spaces. But could the boom lead to a potentially disastrous bust?

This year, there has been a spate of announcements from developers and studios, heralding the massive expansion of studio space across the Greater Toronto Area, as Canada’s largest city lives up to its unofficial title as Hollywood North.

It doesn’t hurt that two of the Oscar winners for Best Picture in the last three years — Guillermo del Toro’s The Shape of Water and newspaper drama Spotlight — were filmed in the region.

Among the recent headlines: Pinewood Toronto Studios’ groundbreaking this month on a major expansion; CBS Studios’ new production hub to open in Mississauga in March; the Markham Movieland studio that will boast North America’s largest sound stage; and an expansion of the privately owned Cinespace with a new location in Toronto’s Port Lands.

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