The Genesis of Guizzetti Developments Inc.

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30 Nov The Genesis of Guizzetti Developments Inc.

Over the past 50 years, Giovanni Guizzetti has worked to build the future he always wanted: an empire based on honesty and respect. Competing only against one person – himself – Giovanni’s labour has paved the way to a conglomeration of success, a legacy he has now passed on to his son Stefano.

Today, Guizzetti Developments Inc., which has revolutionized the Yonge Street Corridor with high-density, mid-sized commercial and residential projects, is a testament to the fortified bond between father and son. “I’ve never been afraid to make sacrifices,” says Giovanni, who left his hometown in Bergamo, Italy when he was 26. Arriving in Halifax on his birthday in 1956, he travelled to Montreal for work where he humbly accepted pay of 80 cents an hour. Patient and inquisitive for opportunities, Giovanni landed a job cutting wood in Timmins, Ont., which increased his daily income from $10 to $40. Looking back, he had no idea he would one day be at the helm of a transportation, real estate and construction domain creating employment opportunities for others.

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