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, $700,000 - $800,000

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New Oakwyn Realty Listing

$784,000

277 W 1st Street 501, North Vancouver

1 Bed 1 Bath 732 SqFt Residential MLS® # R3060405

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$735,000

1401 Hunter Street 1705, North Vancouver

1 Bed 1 Bath 649 SqFt Residential MLS® # R3056468

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$799,000

134 W 20th Street 306, North Vancouver

2 Beds 1 Bath 1,066 SqFt Residential MLS® # R3056113

Oakwyn Realty Ltd.

New

$799,900

2024 Fullerton Avenue 1609, North Vancouver

2 Beds 2 Baths 1,135 SqFt Residential MLS® # R3061471

Sutton Group-West Coast Realty

New

$778,000

111 E 3rd Street 207, North Vancouver

2 Beds 1 Bath 775 SqFt Residential MLS® # R3061404

RE/MAX Clara Hartree

New

$765,000

2645 Westview Drive, North Vancouver

3 Beds 3 Baths 1,312 SqFt Residential MLS® # R3061345

RE/MAX Crest Realty

New

$799,000

1288 Chesterfield Avenue Ph4, North Vancouver

1 Bed 2 Baths 754 SqFt Residential MLS® # R3061275

Salus Realty Inc

New

$784,000

277 W 1st Street 501, North Vancouver

1 Bed 1 Bath 732 SqFt Residential MLS® # R3060405

Oakwyn Realty Ltd.

New

$798,000

725 Marine Drive 505, North Vancouver

2 Beds 2 Baths 960 SqFt Residential MLS® # R3060148

Real Broker

New

$719,900

3596 Malsum Drive 518, North Vancouver

2 Beds 2 Baths 743 SqFt Residential MLS® # R3060159

Rennie & Associates Realty - Jason Soprovich

New

$769,000

1327 E Keith Road 701, North Vancouver

2 Beds 2 Baths 1,098 SqFt Residential MLS® # R3059916

Keller Williams Ocean Realty VanCentral

$739,000

↓ $26,000

308 W 2nd Street 105, North Vancouver

2 Beds 2 Baths 869 SqFt Residential MLS® # R3058795

RE/MAX Crest Realty

$799,000

1122 Premier Street, North Vancouver

2 Beds 2 Baths 1,686 SqFt Residential MLS® # R3058672

Stilhavn Real Estate Services

$799,000

995 Roche Point Drive 304, North Vancouver

1 Bed 2 Baths 1,065 SqFt Residential MLS® # R3057754

Royal LePage Sussex

$775,000

223 Mountain Highway 211, North Vancouver

2 Beds 2 Baths 1,065 SqFt Residential MLS® # R3056604

Macdonald Realty

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