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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$539,900

N/A, North Vancouver

1 Bed 1 Bath 769 SqFt Residential MLS® # R3055936

RE/MAX Crest Realty

$539,900

2008 Fullerton Avenue 407, North Vancouver

2 Beds 1 Bath 761 SqFt Residential MLS® # R3051256

88West Realty

$549,000

2004 Fullerton Avenue 1008, North Vancouver

2 Beds 1 Bath 872 SqFt Residential MLS® # R3055556

Bellevue Realty Group

$588,800

2020 Fullerton Avenue 508, North Vancouver

2 Beds 2 Baths 965 SqFt Residential MLS® # R3055512

Team 3000 Realty Ltd.

$599,000

1401 Hunter Street 502, North Vancouver

1 Bed 1 Bath 550 SqFt Residential MLS® # R3055048

Stilhavn Real Estate Services

$548,000

2008 Fullerton Avenue 304, North Vancouver

2 Beds 1 Bath 906 SqFt Residential MLS® # R3054761

Royal LePage Sussex - Al Sutton

$568,000

145 St. Georges Avenue 402, North Vancouver

1 Bed 1 Bath 666 SqFt Residential MLS® # R3054439

Ocean City Realty Inc.

$600,000

960 Lynn Valley Road 416, North Vancouver

2 Beds 1 Bath 796 SqFt Residential MLS® # R3054410

RE/MAX Masters Realty

$519,000

1385 Draycott Road 306, North Vancouver

1 Bed 1 Bath 775 SqFt Residential MLS® # R3053377

eXp Realty

$569,000

3596 Malsum Drive 408, North Vancouver

1 Bed 1 Bath 637 SqFt Residential MLS® # R3052402

RE/MAX Westcoast

$595,000

728 W 14th Street 78, North Vancouver

1 Bed 1 Bath 594 SqFt Residential MLS® # R3052175

eXp Realty

$549,900

3594 Malsum Drive 615, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3051288

Rennie & Associates Realty Ltd.

$540,000

250 W 1st Street 314, North Vancouver

1 Bed 1 Bath 732 SqFt Residential MLS® # R3051055

Babych Group Realty Vancouver Ltd.

$599,000

250 W 1st Street 503, North Vancouver

2 Beds 2 Baths 890 SqFt Residential MLS® # R3049381

Oakwyn Realty Ltd.

$579,900

725 Marine Drive 509, North Vancouver

1 Bed 1 Bath 577 SqFt Residential MLS® # R3049154

Royal LePage Sussex

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