Crest Theatre, founded in 1953, came onto the theatre scene a few short years after the release of the Royal Commission on National Development in the Arts, Letters and Sciences (Massey-Lévesque Commission) report.
Founded by three siblings Donald and Murray Davis and Barbara Chilcott to provide Torontonians with more options to see professional theatre outside of touring companies from the US and internationally. Their mission was to provide a venue where Canadian actors, directors, playwrights, designers, managers, and technicians could gain professional experience. As such, many well-known names in Canadian theatre graced its stages, including Richard Monette, Jackie Burroughs, and Martha Henry. And with its emphasis on producing at least one Canadian play a season, it contributed to new play development in Canada.
It had several artistic directors over its thirteen years, a list which includes Robert Gill, Douglas Campbell, John Holden, Malcolm Black, Jean Roberts, Barry Morse, Mavor Moore, David Gardner, Leon Major, John Hirsch, Herbert Whittaker, Marigold Charlesworth, Allan Lund, Kurt Reis, George McCowan and Donald and Murray Davis.
Funding issues forced its close in 1966, when it merged with Canadian Players to form the Crest Theatre Foundation, later to be re-named Theatre Toronto.