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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$455,000

145 St. Georges Avenue 706, North Vancouver

0 Beds 1 Bath 511 SqFt Residential MLS® # R3053915

Royal LePage Sussex

$429,000

↓ $30,000

330 E 1st Street 302, North Vancouver

1 Bed 1 Bath 589 SqFt Residential MLS® # R3052201

RE/MAX Crest Realty

$480,000

↓ $8,000

2016 Fullerton Avenue 1710, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3049126

Vanak Realty

$479,000

2012 Fullerton Avenue 1001, North Vancouver

1 Bed 1 Bath 719 SqFt Residential MLS® # R3046257

Sutton Group - 1st West Realty

$499,000

1550 Chesterfield Avenue 208, North Vancouver

1 Bed 1 Bath 680 SqFt Residential MLS® # R3046109

Macdonald Realty

$487,000

1345 Chesterfield Avenue 116, North Vancouver

2 Beds 1 Bath 861 SqFt Residential MLS® # R3045077

Oakwyn Realty Ltd.

$459,000

214 E 15th Street 103, North Vancouver

1 Bed 1 Bath 646 SqFt Residential MLS® # R3040525

Royal LePage West Real Estate Services

$459,000

135 W 21st Street 309, North Vancouver

1 Bed 1 Bath 589 SqFt Residential MLS® # R3040251

Royal LePage Sussex

$455,000

145 St. Georges Avenue 306, North Vancouver

0 Beds 1 Bath 505 SqFt Residential MLS® # R3035384

eXp Realty

$499,900

145 St. Georges Avenue 405, North Vancouver

1 Bed 1 Bath 582 SqFt Residential MLS® # R3028872

Rennie & Associates Realty Ltd.

$499,900

↓ $10,000

3596 Malsum Drive 603, North Vancouver

1 Bed 1 Bath 540 SqFt Residential MLS® # R3025194

RE/MAX All Points Realty

$499,000

2012 Fullerton Avenue 1020, North Vancouver

1 Bed 1 Bath 714 SqFt Residential MLS® # R3020677

Royal Pacific Lions Gate Realty Ltd.

$434,000

↓ $5,000

2016 Fullerton Avenue 1006, North Vancouver

1 Bed 1 Bath 641 SqFt Residential MLS® # R3009605

Royal LePage Sussex

$499,000

↓ $50,000

1085 W 17th Street 206, North Vancouver

1 Bed 1 Bath 661 SqFt Residential MLS® # R3007194

Sutton Group-West Coast Realty

$498,000

2004 Fullerton Avenue 1010, North Vancouver

1 Bed 1 Bath 615 SqFt Residential MLS® # R2981881

Royal Pacific Lions Gate Realty Ltd.

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