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Laser Clinics Group opens 200th location, second in Canada, with the opening of its newest advanced beauty clinic at Square One in Mississauga

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Mississauga, June 2, 2022 –Laser Clinics opened the doors today to its second clinic in Canada, 200th globally, at Square One Shopping Centre in Mississauga, Ontario. The elegant, modern and welcoming clinic features seven private treatment rooms, the latest industry leading equipment and technology, and a team of medical professionals offering advanced beauty treatments, skincare services and products to help customers look and feel their best selves.

“We are delighted to celebrate this important milestone with our Canadian team and customers,” said John Veitch, Australia-based CEO of Laser Clinics Group. “Having performed over 3 million treatments annually we are excited to bring this expertise to Canada. The future is bright as we build towards being the largest cosmetic group globally, giving us the resources, training, and experience to continue to provide affordable, industry leading, tailored results for our customers.”

Laser Clinics Group officially entered the Canadian market February 4, 2022 with the opening of its first clinic at Hillcrest Mall in Richmond Hill, Ontario. Owned and operated by KKR, a leading New York based private equity firm, Laser Clinics delivered 3 million treatments globally in 2021.

“We are excited to offer Canadians treatments and products that are transparently priced, affordable and tailored to each customer’s desired results,” said George Jeffrey, Managing Director for Laser Clinics Canada. “The demand is high in Canada for these services and we’re confident that our model and value proposition will meet the needs of our Canadian customers.”

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Laser Clinics specializes in personalized skincare treatments, cosmetic injectables, body contouring and laser hair removal, which are performed with industry leading, medical-grade equipment and advanced technology. Laser Clinics Group’s Medical Advisory Committee, comprised of leading dermatologists and medical doctors, approves the devices, protocols and services that are administered at each clinic. Treatments are performed by doctors, advanced nurse practitioners and certified medical aestheticians to ensure that safety and efficacy remains top priority. As recently announced, Dr. Waqqas Jalil has joined Laser Clinics Canada as its Medical Director. Dr. Jalil will be working with Laser Clinics and its Medical Advisory Committee.

Canadian locations feature the same treatments and products that have proven successful in other markets including the U.K. (with 40 clinics), Singapore (2 clinics), New Zealand (20 clinics) and Australia (136 clinics), where the company was founded in 2008.

“We will continue to build across Canada and offer our customers high quality services that have proven to be in high demand here, as in other markets around the world. We welcome Dr. Jalil and look forward to his expertise in supporting the success of Laser Clinics Canada and its growth,” says George Jeffrey.

 

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John Veitch, CEO of Laser Clinics Group, with scissors, joins George Jeffrey and Dr. Waqqas Jalil, respectively Managing Director and Medical Director at Laser Clinics Canada, and leadership team to celebrate the official opening of the brand’s 200th location, at Square One Shopping Centre in Mississauga, Ontario. The Australian-based advanced beauty leader continues its expansion in international markets, including this newest Toronto region location, its second in Canada, with more on the way. PHOTO CREDIT: J.P. Moczulski / LASER CLINICS

With two clinics in the Greater Toronto Area and more on the way, Laser Clinics Canada continues to seek franchise co-owners who wish to join its growth plans using its unique 50-50 co-ownership business model that has proven successful in other markets. Information on franchising opportunities, including benefits and a video presentation, is available on the brand’s Canadian website at laserclinics.ca.

About the Laser Clinics Group

Laser Clinics Group is the global leader in advanced beauty treatments and skincare. Now in Canada and with plans for national expansion, the company democratizes the field of advanced beauty by offering Canadians greater accessibility to an extensive range of best-in-class treatments and services using medical-grade, industry-leading technology. Laser Clinics tailors treatments to the individual and ensures all clients achieve their desired results. Together, the company’s more than 1,600 professionals focus on long-term, ongoing services which reflects a true longstanding and deep relationship with their customers. Learn more at laserclinics.ca or follow #BeautyTailoredToYou.

 

– End –

 

 

Media contact (for interviews, pictures or information):

Mary Moniz

647-278-0152

mary@torchiacom.com

 

To share your interest in becoming a franchise co-owner, please contact:

franchiseopportunities@laserclinics.ca

 

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Calgary breaks all-time record in housing starts but increasing demand keeps inventory low – CBC.ca

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Soaring housing demands in Calgary led to an all-time record for new residential builds last year, but inventory levels of completed and unsold units remained low due to demand outpacing supply.

According to the latest report from Canada Mortgage and Housing Corporation (CMHC), total housing starts increased by 13 per cent in Calgary, reaching a total of 19,579 units with growth across all dwelling types in the city.

That compares to a decline of 0.5 per cent overall for housing starts in the six major Canadian cities surveyed by CMHC.

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Calgary also had the highest housing starts by population.

“Part of the reason why we think that might have happened is that developers are responding to low vacancies in the rental market,” said Adebola Omosola, a housing economics specialist with CMHC.

“The population of Calgary is still growing, a record number of people moved here last year, and we still expect that to remain at least in the short term.”

Earlier this year, the Calgary Real Estate Board also predicted that demand, especially for rental apartments, wouldn’t let up any time soon. 

Industry can cope with demand, expert says

According to numbers from the report, average construction times were higher in 2023 for all dwelling types except for apartments.

The agency’s report suggests the increase in the number of under-construction residential projects might mean builders are operating at or near full capacity.

However, there’s optimism the construction industry can match the increasing need.

Brian Hahn, CEO of BILD Calgary Region, said despite concerns around about construction costs, project timelines and labour shortages, the industry has kept up with the demand for new builds.

Demand is expected to remain robust, but the construction industry can keep up, according to BILD Calgary region CEO Brian Hahn.
Demand is expected to remain robust, but the construction industry can keep up, according to BILD Calgary Region chief executive officer Brian Hahn. (Shaun Best/Reuters)

“I’ve heard that kind of conversation at the end of 2022 and I heard it in 2023,” Hahn said.

“Yet here we are early in 2024, and January and February were record numbers again.”

Hahn added he believes the current pace of construction will continue for at least the next six months and that the industry is looking at initiatives to attract more people to the trades.

Increase in row house and apartment construction

Construction growth was largely driven by new apartment projects, making up almost half of the housing starts in Calgary in 2023.

The federal housing agency says 9,034 apartment units were started that year, an increase of 17 per cent from the previous year. Of those, about 54 per cent were purpose-built rentals.

Apartments made up around two-thirds of all units under construction, CMHC said, with the total number of units under construction reaching 23,473.

Growth, however, was seen across all dwelling types. Row homes increased by 34 per cent from the previous year while groundbreaking on single-detached homes grew by two per cent.

“Notwithstanding challenges, our members and the industry counterparts that support them managed to produce a record amount of starts and completions,” Hahn said.

“I have little doubt that the industry will do their very best to keep pace at those levels.”

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Ottawa real estate: House starts down, apartments up in 2023 – CTV News Ottawa

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Rental housing dominated construction in Ottawa last year, according to a new report from the Canada Mortgage and Housing Corporation (CMHC).

Residential construction declined significantly in 2023, with housing starts dropping to 9,245 units, a 19.5 per cent decline from the record high observed in 2022. But while single-detached and row housing starts fell compared to 2022, new construction for rental units and condominiums rose.

“There’s been a shift toward rental construction over the past two years. Rental housing starts made up nearly one third of total starts in 2023, close to double the average of the previous five years,” the report stated.

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Apartment starts reached their highest level since the 1970s.

“The trend toward rental and condominium apartment construction follows increased demand in these market segments due to population growth, households looking for affordable options, and some seniors downsizing to smaller units,” the CMHC said.

Demand from international migration and students, the high cost of home ownership, and people moving to Ottawa from other parts of Ontario were the main drivers for rental housing starts in 2023. The CMHC says rental and condominium apartment starts made up 63 per cent of total starts in 2023, compared to the average of 37 per cent for the period 2018-2022.

There was a modest increase in rental housing starts in 2023 over the record-high seen the year prior and a jump in new condominiums. The report shows 5,846 new apartments were built in Ottawa last year, up 2.1 per cent compared to 2022.

Housing starts in Ottawa by year. (CMHC)

Big demand for condos

The CMHC said condo starts reached a new high in 2023, increasing 3 per cent from 2022 numbers.

“As of the end of 2023, there were only 13 completed and unsold condominium units, highlighting continued demand for new units,” the CMHC said.

Condominum starts increased in areas such as Chinatown, Hintonburg, Vanier and Alta Vista, as well as some suburban areas like Kanata, Stittsville, and western Orléans. Condo apartment construction declined in denser parts of the city like downtown, Lowertown and Centretown, the report says.

Taller buildings are also becoming more common, as the cranes dotting the skyline can attest. The CMHC notes that buildings with more than 20 storeys accounted for nearly 10 per cent of apartment structure starts in 2022 and 2023, compared to an average of 2 per cent over the 2017-2021 period. The number of units per building also rose 7 per cent compared to 2022.

Apartment building heights in Ottawa by year. (CMHC)

Single-detached home construction down significantly

The number of new single-detached homes built in Ottawa last year was the lowest level seen in the city since the mid 1990s, CMHC said.

“The Ottawa area experienced a slowdown in residential construction in 2023, driven by a significant decline in single-detached and row housing starts,” the CMHC said.

Single-detached housing starts were down 45 per cent compared to 2022. Row house starts dropped by 38 per cent compared to 2022, marking a third year of declines in a row.

“Demand for single-detached and row houses also declined in 2023. Higher mortgage rates and home prices have led to a shift in demand toward more affordable rental and condominium units,” the report said.

There were 1,535 single-detached housing starts in Ottawa last year, 208 new semi-detached homes and 1,678 new row houses.

The majority of single-detached and row housing starts were built in suburban communities such as Barrhaven, Stittsville, Kanata, Orléans and rural parts of the city.

“Increased construction costs resulting from higher financing rates and inflation that occurred in 2022 and 2023 contributed to the decline in construction in the region,” the CMHC said. 

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Trump’s media company ticker leads to fleeting windfall for some investors

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A man looks at a screen that displays trading information about shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York City, U.S., March 26.Brendan McDermid/Reuters

Possible confusion over the new stock symbol for former President Donald Trump’s Truth Social (DJT-Q) saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on Tuesday, the first day Trump’s “DJT” ticker traded.

Several people complained on social media about briefly seeing the value of their DJT stock holdings on Charles Schwab platforms inflated to figures more in line with what they would be worth if the shares traded at the level of the Dow Jones Transportation Average.

Some users said they faced a similar issue in pre-market hours on Morgan Stanley’s E*Trade trading platform.

Shares of Trump Media & Technology Group opened Tuesday at $70.90, while the Dow Jones Transportation Average started the session at 15,937.73 points.

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For one trader, the Schwab brokerage balance jumped by more than $1 million due to the error, according to a screen grab shared on social media platform X. Reuters was unable to contact the trader or independently verify the brokerage balance.

“It sure was nice seeing millions in the account, even if it wasn’t real,” another person, going by the username @DanielBenjamin8, who faced the issue in his E*Trade account, posted on X.

Two X users and one on Reddit surmised that the inflated balances were due to the ticker symbol for the company being nearly identical to the index.

A spokeswoman for Charles Schwab said that certain users on some of Schwab’s trading platforms saw their brokerage balances briefly inflated due to a technical issue.

The issue has been resolved and investors are able to trade equities and options on Schwab platforms, she said. Schwab declined to describe the exact cause of the issue.

E*Trade did not immediately respond to a request for comment outside of regular business hours.

Trump Media & Technology Group and S&P Dow Jones Indices, which maintains the Dow Jones Transportation Average Index, did not immediately comment on the issue.

While social media users said the issue appeared to have been resolved, many rued not being able to cash out their supposed gains from the error.

“I better go tell my boss that I’m actually not retiring,” the trader whose account balance had briefly jump by more than $1 million, wrote on X.

Trump Media & Technology Group shares surged more than 36% on Tuesday in their debut on the Nasdaq that comes more than two years since its merger with a blank-check firm was announced.

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