Date: July 11, 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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1450 Chesterfield Avenue 11, North Vancouver

$588,777

1450 Chesterfield Avenue 11, North Vancouver

1 Bed 1 Bath 841 SqFt Residential MLS® # R3047611

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

145 St. Georges Avenue 1605, North Vancouver

$528,800

145 St. Georges Avenue 1605, North Vancouver

1 Bed 1 Bath 579 SqFt Residential MLS® # R3047151

Royal LePage Sussex - Edmonds AdvantageReal Estate Board of Greater Vancouver Logo

1320 Chesterfield Avenue 1208, North Vancouver

$569,000

1320 Chesterfield Avenue 1208, North Vancouver

1 Bed 1 Bath 524 SqFt Residential MLS® # R3047061

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

252 W 2nd Street 306, North Vancouver

$549,900

252 W 2nd Street 306, North Vancouver

1 Bed 1 Bath 689 SqFt Residential MLS® # R3046574

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

121 W 15th Street 1503, North Vancouver

$549,900

121 W 15th Street 1503, North Vancouver

1 Bed 1 Bath 641 SqFt Residential MLS® # R3044902

Stonehaus Realty Corp.Real Estate Board of Greater Vancouver Logo

1385 Draycott Road 320, North Vancouver

$549,000

↓ $40,000

1385 Draycott Road 320, North Vancouver

1 Bed 1 Bath 824 SqFt Residential MLS® # R3044610

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

2024 Fullerton Avenue 1004, North Vancouver

$600,000

2024 Fullerton Avenue 1004, North Vancouver

2 Beds 2 Baths 1,113 SqFt Residential MLS® # R3044493

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

780 Premier Street 216, North Vancouver

$529,000

780 Premier Street 216, North Vancouver

2 Beds 1 Bath 1,041 SqFt Residential MLS® # R3043838

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

310 W 3rd Street 305, North Vancouver

$599,900

310 W 3rd Street 305, North Vancouver

2 Beds 1 Bath 809 SqFt Residential MLS® # R3043560

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

1555 Eastern Avenue 202, North Vancouver

$588,000

↑ $30,000

1555 Eastern Avenue 202, North Vancouver

1 Bed 1 Bath 669 SqFt Residential MLS® # R3043542

88West RealtyReal Estate Board of Greater Vancouver Logo

1550 Fern Street 1005, North Vancouver

$599,000

1550 Fern Street 1005, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3041911

88West RealtyReal Estate Board of Greater Vancouver Logo

1535 Chesterfield Avenue 205, North Vancouver

$589,000

1535 Chesterfield Avenue 205, North Vancouver

1 Bed 1 Bath 654 SqFt Residential MLS® # R3041523

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

252 W 2nd Street 106, North Vancouver

$529,900

252 W 2nd Street 106, North Vancouver

1 Bed 1 Bath 687 SqFt Residential MLS® # R3040204

Royal LePage Sussex - Edmonds AdvantageReal Estate Board of Greater Vancouver Logo

2035 Glenaire Drive 124, North Vancouver

$578,000

↓ $7,000

2035 Glenaire Drive 124, North Vancouver

1 Bed 1 Bath 554 SqFt Residential MLS® # R3039078

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

735 W 15th Street 115, North Vancouver

$539,000

735 W 15th Street 115, North Vancouver

0 Beds 1 Bath 457 SqFt Residential MLS® # R3038415

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo


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