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, $500,000 - $600,000

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Oakwyn Realty Listing

$599,000

250 W 1st Street 503, North Vancouver

2 Beds 2 Baths 890 SqFt Residential MLS® # R3049381

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$549,900

252 W 2nd Street 306, North Vancouver

1 Bed 1 Bath 689 SqFt Residential MLS® # R3046574

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$599,999

2016 Fullerton Avenue 911, North Vancouver

2 Beds 2 Baths 953 SqFt Residential MLS® # R3029845

Oakwyn Realty Northwest

New

$599,000

580 Raven Woods Drive 317, North Vancouver

1 Bed 1 Bath 732 SqFt Residential MLS® # R3061173

Sutton Group-West Coast Realty

New

$539,000

1155 Ross Road 204, North Vancouver

1 Bed 1 Bath 704 SqFt Residential MLS® # R3061064

Royal LePage Sussex

New

$574,900

210 W 2nd Street 101, North Vancouver

1 Bed 1 Bath 680 SqFt Residential MLS® # R3060178

Babych Group Realty Vancouver Ltd.

New

$559,900

235 W 4th Street 305, North Vancouver

1 Bed 1 Bath 595 SqFt Residential MLS® # R3059957

The Agency Vancouver

$529,000

340 W 3rd Street 337, North Vancouver

1 Bed 1 Bath 646 SqFt Residential MLS® # R3058185

eXp Realty of Canada, Inc.

$585,000

141 W 13th Street 209, North Vancouver

1 Bed 1 Bath 711 SqFt Residential MLS® # R3058581

Stilhavn Real Estate Services

$569,000

2004 Fullerton Avenue 807, North Vancouver

2 Beds 1 Bath 761 SqFt Residential MLS® # R3058481

Royal LePage Sussex

$529,000

3608 Deercrest Drive 210, North Vancouver

1 Bed 1 Bath 648 SqFt Residential MLS® # R3058090

Royal LePage Sussex Pigott Properties

$509,000

145 St Georges Avenue 305, North Vancouver

1 Bed 1 Bath 580 SqFt Residential MLS® # R3057789

Oracle Realty Ltd.

$560,000

2004 Fullerton Avenue 303, North Vancouver

2 Beds 1 Bath 843 SqFt Residential MLS® # R3057698

Royal LePage Sussex

$589,000

630 Roche Point Drive 104, North Vancouver

1 Bed 1 Bath 759 SqFt Residential MLS® # R3057012

Sutton Group-West Coast Realty

$529,000

140 E 4th Street 216, North Vancouver

1 Bed 1 Bath 634 SqFt Residential MLS® # R3056880

Macdonald Realty

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