CANADIAN EMPLOYMENT (JUNE 2025)

Canadian employment increased by 0.4 per cent from the previous month, gaining 83,000 jobs to reach 21.061 million in June. The employment rate rose by 0.1 points to 60.9 per cent, while the unemployment rate fell by 0.1 points to 6.9 per cent.

Average hourly wages rose 3.2 per cent year-over-year to $36.01 last month, while total hours worked increased by 1.6 per cent compared to June of the previous year.

Provincial Highlights: British Columbia

Employment in B.C. rose by 0.2 per cent to 2.968 million, gaining 5,000 jobs in June. Employment in Metro Vancouver rose by 1.1 per cent to 1.735 million.

The unemployment rate in B.C. fell by 0.8 points to 5.6 per cent, while Vancouver's unemployment rate fell by 0.6 points to 5.8 per cent in June.

Economic Context

June's jobs report marks the first meaningful increase in employment since January, breaking a trend of largely stagnant job creation in 2025. Notably, the vast majority of employment growth was concentrated in part-time positions, reflecting greater demand for temporary roles across many industries during the summer.

Moreover, the Canadian labour market remains relatively weak, with the national unemployment rate hovering near its highest level since the pandemic. This report likely supports a neutral stance from the Bank of Canada and a potential rate hold at its upcoming meeting, though resurgent tariff risks may complicate the Bank’s outlook.

Source: BCREA

MLS® Listings in North Vancouver | Homes for Sale, $400,000 - $500,000

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Oakwyn Realty Listing

$459,900

212 Forbes Avenue 306, North Vancouver

1 Bed 1 Bath 669 SqFt Residential MLS® # R3058695

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$469,000

212 Forbes Avenue 304, North Vancouver

1 Bed 1 Bath 662 SqFt Residential MLS® # R3054131

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$487,000

1345 Chesterfield Avenue 116, North Vancouver

2 Beds 1 Bath 861 SqFt Residential MLS® # R3045077

Oakwyn Realty Ltd.

New

$449,000

1550 Chesterfield Avenue 202, North Vancouver

1 Bed 1 Bath 677 SqFt Residential MLS® # R3061556

Royal LePage Sussex Pigott Properties

New

$425,000

145 St. Georges Avenue 1906, North Vancouver

0 Beds 1 Bath 509 SqFt Residential MLS® # R3061408

Royal LePage Sussex

New

$499,000

155 E 5th Street 301, North Vancouver

2 Beds 1 Bath 944 SqFt Residential MLS® # R3060418

Royal LePage Sussex Pigott Properties

$490,000

3600 Windcrest Drive 508, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3058883

Babych Group Realty Vancouver Ltd.

$459,900

212 Forbes Avenue 306, North Vancouver

1 Bed 1 Bath 669 SqFt Residential MLS® # R3058695

Oakwyn Realty Ltd.

$499,000

3600 Windcrest Drive 304, North Vancouver

1 Bed 1 Bath 693 SqFt Residential MLS® # R3057902

RE/MAX Masters Realty

$475,000

2012 Fullerton Avenue 201, North Vancouver

1 Bed 1 Bath 742 SqFt Residential MLS® # R3057863

Sutton Group-West Coast Realty

$499,000

2004 Fullerton Avenue 905, North Vancouver

2 Beds 1 Bath 767 SqFt Residential MLS® # R3055555

Bellevue Realty Group

$469,000

415 W Esplanade Avenue Gnb 21, North Vancouver

1 Bed 1 Bath 680 SqFt Residential MLS® # R3055352

Royal LePage Westside

$459,000

155 E 5th Street 211, North Vancouver

2 Beds 1 Bath 885 SqFt Residential MLS® # R3055213

Rossetti Realty Ltd.

$499,000

2016 Fullerton Avenue 1812, North Vancouver

1 Bed 1 Bath 726 SqFt Residential MLS® # R3054672

Sutton Group-West Coast Realty

$469,000

212 Forbes Avenue 304, North Vancouver

1 Bed 1 Bath 662 SqFt Residential MLS® # R3054131

Oakwyn Realty Ltd.

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