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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$625,000

↓ $24,000

422 E 3rd Street 564, North Vancouver

1 Bed 1 Bath 545 SqFt Residential MLS® # R3042464

RE/MAX Crest Realty

$629,000

↓ $9,900

444 Lonsdale Avenue 303, North Vancouver

1 Bed 1 Bath 712 SqFt Residential MLS® # R3042190

Sutton Group-West Coast Realty

$688,000

1401 Hunter Street 1004, North Vancouver

1 Bed 1 Bath 633 SqFt Residential MLS® # R3040500

Vanak Realty

$689,000

1500 Fern Street 1102, North Vancouver

1 Bed 1 Bath 613 SqFt Residential MLS® # R3040163

One Percent Realty Ltd.

$675,000

723 W 3rd Street 527, North Vancouver

1 Bed 1 Bath 619 SqFt Residential MLS® # R3039575

Sutton Premier Realty

$675,000

252 W 2nd Street 104, North Vancouver

2 Beds 1 Bath 832 SqFt Residential MLS® # R3036161

Royal Pacific Lions Gate Realty Ltd.

$689,900

2380 Emery Court 209, North Vancouver

1 Bed 1 Bath 566 SqFt Residential MLS® # R3038543

Mosaic Avenue Realty Ltd.

$629,000

155 E 3rd Street 410, North Vancouver

1 Bed 1 Bath 582 SqFt Residential MLS® # R3038483

Oakwyn Realty Ltd.

$688,800

130 E 2nd Street 903, North Vancouver

1 Bed 1 Bath 717 SqFt Residential MLS® # R3033821

Royal LePage Sussex - Edmonds Advantage

$699,000

2004 Fullerton Avenue 1108, North Vancouver

2 Beds 1 Bath 864 SqFt Residential MLS® # R3033040

Royal Pacific Lions Gate Realty Ltd.

$629,999

1550 Fern Street 2106, North Vancouver

1 Bed 1 Bath 602 SqFt Residential MLS® # R3032580

Angell, Hasman & Associates Realty Ltd.

$699,900

317 Bewicke Avenue 313, North Vancouver

1 Bed 1 Bath 672 SqFt Residential MLS® # R3032219

Amex Broadway West Realty

$698,000

↓ $16,900

162 Victory Ship Way 507, North Vancouver

1 Bed 1 Bath 567 SqFt Residential MLS® # R3027734

Royal Pacific Realty Corp.

$649,000

630 Roche Point Drive 115, North Vancouver

2 Beds 2 Baths 906 SqFt Residential MLS® # R3025637

RE/MAX Crest Realty

$685,000

960 Lynn Valley Road 202, North Vancouver

2 Beds 1 Bath 799 SqFt Residential MLS® # R3023079

Rennie & Associates Realty Ltd.

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