Why Andrew Cigna and Above All Group Moved from Toronto to Hamilton
Above All Group, a real estate investment firm that provides quality housing and commercial spaces for tenants, has been active in the Greater Toronto and Hamilton area for years. The cost of commercial space is significantly lower in Hamilton, with businesses like Above All Group able to save money while still maintaining a high standard of quality.
Cigna recognized the potential for growth in Hamilton and saw an opportunity to make a difference in the community.
When it comes to commercial spaces, Hamilton offers a wide range, including modern high-rise spaces, converted lofts, and updated and trendy inspirational spaces, with an average cost of $14.85/sq ft. This is significantly cheaper than the average cost of office spaces in Toronto, which is $25.71/sq ft, nearly twice the price. Despite the lower cost, Hamilton’s location allows businesses to access the same markets, workforce, and supply chain as Toronto. By saving on real estate expenses, companies in Hamilton can allocate resources to other critical activities like research and development and talent acquisition.
Compared to neighbouring urban centers like Toronto, both commercial and residential real estate in Hamilton is becoming more affordable. The increasing availability and supply of properties enable businesses and their staff to locate real estate that suits their unique requirements and budget.
According to recent data, when it comes to residential spaces, the average monthly rent for a one-bedroom apartment in Toronto is around $2,250 CAD, while the same unit in Hamilton can be rented for an average of $1,400 CAD. The cost of living in Hamilton is also approximately 25% lower than living in Toronto.
Toronto is a crowded and expensive place to live, and more and more businesses and start-ups are recognizing the advantages of relocating to Hamilton.
Hamilton is fast becoming a hub for tech and start-up companies, with new businesses popping up every year. The city’s location, just an hour’s drive from Toronto and the US border, makes it an ideal location for business growth.
Above All Group’s mission is to provide quality housing while providing an above-average return on investment for its investor partners and itself. This approach to investment is unique and has helped the company to stand out in the market.
The hospital is a leading regional healthcare centre that specializes in cardiac and vascular care, neuroscience, trauma and burn treatment, stroke and rehabilitation, and more. The funds raised will go towards innovative equipment and technology at the world-class hospital.
Cigna’s passion for Hamilton goes beyond its world-class hospitals and even the budding opportunities it presents to business owners and residents alike. Hamilton has a rich culture, history, and local artists, with art galleries, independent showcases, and local restaurants that are the talk of the town. The thriving sports scene in Hamilton draws folks from all over to sing the Tiger Cats’ famous hundred-year-old cheer “Oskee wa wa! Whisky wee wee! Holy mackinaw!” If you’re not familiar, then you will be soon after you arrive.
The city offers an affordable and sustainable lifestyle, a supportive business environment, and endless opportunities for growth and success. Cigna’s move to Hamilton has been a positive experience for himself and his business, and he hopes to inspire others to do the same.
For many business leaders, change and giving back to the community are just words – but for Cigna, it’s just a way of life!
