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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$735,000

1401 Hunter Street 1705, North Vancouver

1 Bed 1 Bath 649 SqFt Residential MLS® # R3056468

Oakwyn Realty Ltd.

$728,800

733 E 3rd Street 102, North Vancouver

1 Bed 1 Bath 650 SqFt Residential MLS® # R3056122

Sutton Group-West Coast Realty

$799,000

134 W 20th Street 306, North Vancouver

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

Oakwyn Realty Ltd.

$749,000

1500 Fern Street 1808, North Vancouver

1 Bed 1 Bath 604 SqFt Residential MLS® # R3054943

Royal LePage Sussex

$790,000

1519 Crown Street 406, North Vancouver

2 Beds 2 Baths 853 SqFt Residential MLS® # R3054753

Oakwyn Realty Ltd.

$769,000

725 Marine Drive 519, North Vancouver

2 Beds 2 Baths 856 SqFt Residential MLS® # R3054387

RE/MAX Crest Realty

$749,000

↓ $20,000

422 E 3rd Street 407, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3053068

Royal Pacific Realty Corp.

$750,000

995 Lynn Valley Road 1, North Vancouver

2 Beds 1 Bath 804 SqFt Residential MLS® # R3052503

Rossetti Realty Ltd.

$769,900

↓ $20,000

733 W 14th Street 305, North Vancouver

2 Beds 2 Baths 801 SqFt Residential MLS® # R3052427

Oakwyn Realty Northwest

$759,000

1500 Fern Street 1209, North Vancouver

1 Bed 1 Bath 678 SqFt Residential MLS® # R3052411

Oakwyn Realty Ltd.

$788,000

125 E 14th Street 1703, North Vancouver

1 Bed 1 Bath 643 SqFt Residential MLS® # R3050549

Bellevue Realty Group

$768,000

↓ $31,000

733 W 14th Street 310, North Vancouver

2 Beds 2 Baths 815 SqFt Residential MLS® # R3050583

88West Realty

$764,900

1000 Bowron Court 610, North Vancouver

1 Bed 1 Bath 1,016 SqFt Residential MLS® # R3050540

Oakwyn Realty Ltd.

$749,000

↓ $30,000

1039 Old Lillooet Road, North Vancouver

2 Beds 2 Baths 1,079 SqFt Residential MLS® # R3049428

Macdonald Realty

$798,000

1053 Old Lillooet Road, North Vancouver

2 Beds 2 Baths 1,026 SqFt Residential MLS® # R3048595

Rennie & Associates Realty Ltd.

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