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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$648,000

305 Lonsdale Avenue 305, North Vancouver

1 Bed 1 Bath 643 SqFt Residential MLS® # R3048518

Real Broker

$689,900

↓ $10,000

150 W 22nd Street 311, North Vancouver

2 Beds 1 Bath 780 SqFt Residential MLS® # R3048470

Stilhavn Real Estate Services

$679,000

2020 Fullerton Avenue 1304, North Vancouver

2 Beds 2 Baths 1,010 SqFt Residential MLS® # R3044044

Multiple Realty Ltd.

$675,000

733 W 3rd Street 404, North Vancouver

1 Bed 1 Bath 623 SqFt Residential MLS® # R3048188

RE/MAX Masters Realty

$649,800

2020 Fullerton Avenue 306, North Vancouver

2 Beds 2 Baths 1,015 SqFt Residential MLS® # R3047702

Royal Pacific Realty Corp.

$649,000

↓ $39,000

125 E 14th Street 810, North Vancouver

1 Bed 1 Bath 556 SqFt Residential MLS® # R3047892

Angell, Hasman & Associates Realty Ltd.

$635,000

615 E 3rd Street 206, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3047726

Oakwyn Realty Ltd.

$679,900

405 Marie Place 101, North Vancouver

0 Beds 1 Bath 601 SqFt Residential MLS® # R3046920

Prominent Real Estate Services

$699,000

↓ $20,000

580 Raven Woods Drive 207, North Vancouver

2 Beds 2 Baths 863 SqFt Residential MLS® # R3046413

Babych Group Realty Vancouver Ltd.

$674,000

365 E 1st Street 409, North Vancouver

1 Bed 1 Bath 655 SqFt Residential MLS® # R3046178

Royal LePage Sterling Realty

$690,000

1500 Fern Street 618, North Vancouver

1 Bed 1 Bath 678 SqFt Residential MLS® # R3046039

Real Broker

$600,000

2024 Fullerton Avenue 1004, North Vancouver

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

Royal LePage Sussex

$699,900

↓ $69,100

1327 E Keith Road 205, North Vancouver

2 Beds 2 Baths 1,007 SqFt Residential MLS® # R3044244

Amex Broadway West Realty

$655,000

683 W Victoria Park 602, North Vancouver

1 Bed 2 Baths 622 SqFt Residential MLS® # R3043744

Rennie & Associates Realty Ltd.

$625,000

↓ $24,000

422 E 3rd Street 564, North Vancouver

1 Bed 1 Bath 545 SqFt Residential MLS® # R3042464

RE/MAX Crest Realty

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