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, $600,000 - $700,000

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$699,000

555 W 28 Street 412, North Vancouver

2 Beds 1 Bath 952 SqFt Residential MLS® # R3059658

Sutton Group-West Coast Realty

$635,000

1330 Marine Drive 215, North Vancouver

1 Bed 1 Bath 655 SqFt Residential MLS® # R3058587

Stilhavn Real Estate Services

$649,000

444 Lonsdale Avenue 1202, North Vancouver

1 Bed 1 Bath 690 SqFt Residential MLS® # R3058542

Stilhavn Real Estate Services

$610,000

1401 Hunter Street 602, North Vancouver

1 Bed 1 Bath 550 SqFt Residential MLS® # R3058207

88West Realty

$665,000

1050 Premier Street 86, North Vancouver

3 Beds 1 Bath 1,215 SqFt Residential MLS® # R3057097

Sutton Group-West Coast Realty

$678,000

1401 Hunter Street 2402, North Vancouver

1 Bed 1 Bath 550 SqFt Residential MLS® # R3056382

Royal Pacific Realty Corp.

$638,000

305 Lonsdale Avenue 405, North Vancouver

1 Bed 1 Bath 640 SqFt Residential MLS® # R3056297

Royal LePage Sussex

$699,900

124 W 3rd Street 301, North Vancouver

1 Bed 1 Bath 692 SqFt Residential MLS® # R3055894

Oakwyn Realty Ltd.

$664,900

111 E 3rd Street 414, North Vancouver

1 Bed 1 Bath 626 SqFt Residential MLS® # R3055798

Oakwyn Realty Ltd.

$660,000

172 Victory Ship Way 603, North Vancouver

1 Bed 1 Bath 586 SqFt Residential MLS® # R3055745

RE/MAX Crest Realty

$699,000

3606 Aldercrest Drive 406, North Vancouver

1 Bed 1 Bath 760 SqFt Residential MLS® # R3055210

Rossetti Realty Ltd.

$649,000

1320 Chesterfield Avenue 1406, North Vancouver

1 Bed 1 Bath 568 SqFt Residential MLS® # R3054937

Royal Pacific Realty Corp.

$629,000

1111 Lynn Valley Road 201, North Vancouver

1 Bed 1 Bath 677 SqFt Residential MLS® # R3054720

Royal LePage Sussex

$649,000

555 W 28th Street 704, North Vancouver

2 Beds 1 Bath 928 SqFt Residential MLS® # R3054489

88West Realty

$600,000

960 Lynn Valley Road 416, North Vancouver

2 Beds 1 Bath 796 SqFt Residential MLS® # R3054410

RE/MAX Masters Realty

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