Art in Toronto, once the jewel of the North, is a dying industry.
That is, if you believe the Ontario government.
The number of art galleries is down about 40% from its peak of 1,300 in 2010.
Last year, the province spent more than $1 billion on the sector, including $1.6 billion to buy up and renovate gallery space.
But as the province moves to build more galleries, it has to find new ways to spend that money.
Here are five things to know about Toronto’s art gallery sector.1.
Most of the new galleries are in the outer downtown core.
The city has a new, 24-storey building in the city’s north that houses a number of gallery spaces that are currently vacant.
The gallery is also home to a number spaces that have been empty for years, according to a report from the city.
There are several other new galleries on the way in the northwest.
They’re located in Yorkville, East York, and Downsview, but the first are due to open next year.
The government says the new buildings will bring in $200 million a year in tax revenue.2.
Most galleries are small.
The average gallery space in Toronto is about 2,200 square feet.
That’s down from a peak of about 10,000 square feet in 2010, according the city, which has taken steps to boost its gallery market.
That means that some galleries are being squeezed by larger and newer galleries.
That has a big impact on the quality of the work, said James McClelland, president of the Art Gallery of Ontario, which represents artists across the province.
The industry is struggling to maintain its value because of this, he said.
McCleland says it will take a long time to return to the peak of 10,200 spaces.3.
Most artists aren’t necessarily artists.
The biggest loss in the art gallery market is to smaller artists.
In 2015, there were fewer than 100 artists in Toronto who were either in the top 50% of the country or had an annual income of more than £300,000 ($470,000).
The average artist’s annual income is about $75,000.
The new figures indicate that, although there are a lot of young, creative artists in the market, they aren’t the majority of the market.4.
There’s a strong incentive to move.
The galleries that open next week are likely to attract an audience that is drawn to a particular kind of art, said McCleilland.
The big draw is that it’s a big box store, he added.
Some of the galleries are opening with big advertising campaigns.
That will create an opportunity for artists to have a splashy event, and they’ll be able to bring in a lot more money.5.
There aren’t many gallery spaces.
A new report from art and culture magazine The Art Newspaper shows that Toronto has more than 1,100 galleries, with about half of them empty.
This suggests that Toronto is still building up its art gallery industry, but it isn’t yet a large one.
In the meantime, there’s a lack of high-quality art in the area, McClellan said.