It's hard to find a good hairdresser in a new city, and even harder to find one that's reasonably priced. A friend told me about this place and I've now been here twice over the past six months.
This is a training salon and you can choose from four levels of students, for which the price increases as they become more experienced. I've been here twice with a first year student and both times to colour, wash and cut my hair (even with a longer hair charge for the extra colour needed) has been $80 including tax and tip.
My main tip would be to allow lots of time! Both times my appointment took 4 - 5 hours, which would be more than double what I would usually expect at another salon. It mainly takes this long as they are so careful, and also need to wait to consult with the 'educator' before starting on your hair and before you leave.
Both times the student was really friendly and they take your coat, offer you water/tea/coffee and include a bit of a head massage while washing your hair as you would expect at any salon. I did find that they don't have the finesse of a salon, but this is completely understandable and should be expected. I'm not super particular with my hair - I get a fairly simple cut and any shade of colour in the ballpark of what I'm looking for is fine with me. If I was looking for something more difficult I'd probably look at choosing one of the more experienced students.
Overall this is a great budget option in a convenient downtown location.