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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$589,900

110 E 17th Street 516, North Vancouver

0 Beds 1 Bath 441 SqFt Residential MLS® # R3037263

Polygon Realty Limited

$579,000

135 W 21st Street 113, North Vancouver

2 Beds 1 Bath 797 SqFt Residential MLS® # R3034106

Macdonald Realty

$519,920

3594 Malsum Drive 609, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3032075

Rennie & Associates Realty Ltd.

$599,999

2016 Fullerton Avenue 911, North Vancouver

2 Beds 2 Baths 953 SqFt Residential MLS® # R3029845

Oakwyn Realty Northwest

$549,000

↓ $10,000

827 W 16 Street 302, North Vancouver

1 Bed 1 Bath 652 SqFt Residential MLS® # R3026603

Royal LePage Sussex

$538,888

↓ $21,107

3496 Malsum Drive Drive #420, North Vancouver

1 Bed 1 Bath 540 SqFt Residential MLS® # R3020865

Century 21 AAA Realty Inc.

$539,900

↓ $39,900

110 W 4th Street 902, North Vancouver

1 Bed 1 Bath 604 SqFt Residential MLS® # R3006694

Multiple Realty Ltd.

$579,000

780 Premier Street 316, North Vancouver

2 Beds 1 Bath 1,009 SqFt Residential MLS® # R2960069

eXp Realty of Canada, Inc.

$599,000

2004 Fullerton Avenue 1205, North Vancouver

2 Beds 1 Bath 772 SqFt Residential MLS® # R2968251

Royal Pacific Lions Gate Realty Ltd.

$569,900

3596 Malsum Drive 403, North Vancouver

1 Bed 1 Bath 545 SqFt Residential MLS® # R2977231

Macdonald Realty Westmar

$585,888

2035 Glenaire Drive 122, North Vancouver

1 Bed 1 Bath 506 SqFt Residential MLS® # R3001884

Coldwell Banker Universe Realty

$520,000

2016 Fullerton Avenue 307, North Vancouver

1 Bed 1 Bath 651 SqFt Residential MLS® # R2998049

Parallel 49 Realty

$560,000

630 Roche Point Drive 306, North Vancouver

1 Bed 1 Bath 646 SqFt Residential MLS® # R2978985

Oracle Realty Ltd.

$500,000

Lot 5 Indian River Drive, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2967456

RE/MAX Select Properties

$500,000

Lot 4 Indian River Drive, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2967442

RE/MAX Select Properties

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