[1] Owner Stephen Fowler founded The Monkey's Paw in 2006, four years after he moved to Toronto from San Francisco, where he worked in numerous bookstores.
[2][3] Fowler opened The Monkey's Paw in order to support his family with another income source.
[2] Many, including the owner, consider the store itself a showcase and homage to the printed book, which they believe to be dying medium.
[4][3] Due to the notoriety and uniqueness of the bookstore, Fowler was invited to join the International League of Antiquarian Booksellers.
[4] The New York Times Style Magazine quoted the owner, "It's the store where you'll find the book you didn't know you were looking for.