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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$782,000

1677 Lloyd Avenue 313, North Vancouver

2 Beds 2 Baths 823 SqFt Residential MLS® # R3048241

Team 3000 Realty Ltd.

$799,000

649 E 3rd Street 106, North Vancouver

1 Bed 1 Bath 705 SqFt Residential MLS® # R3047863

Engel & Volkers Vancouver

$785,000

118 E 2nd Street 403, North Vancouver

2 Beds 2 Baths 922 SqFt Residential MLS® # R3046977

RE/MAX Crest Realty

$788,900

602 E 2nd Street 127, North Vancouver

1 Bed 1 Bath 656 SqFt Residential MLS® # R3046686

Macdonald Realty

$759,900

188 E Esplanade Esplanade 1002, North Vancouver

1 Bed 1 Bath 768 SqFt Residential MLS® # R3045693

Macdonald Realty (Langley)

$799,000

151 W 2nd Street 605, North Vancouver

2 Beds 2 Baths 800 SqFt Residential MLS® # R3045128

Royal Pacific Lions Gate Realty Ltd.

$799,000

540 Lonsdale Avenue 302, North Vancouver

2 Beds 2 Baths 918 SqFt Residential MLS® # R3044717

eXp Realty

$720,000

168 E Esplanade 508, North Vancouver

1 Bed 1 Bath 669 SqFt Residential MLS® # R3042924

Royal LePage - Wolstencroft

$729,000

↓ $10,000

112 E 13th Street 1401, North Vancouver

1 Bed 1 Bath 617 SqFt Residential MLS® # R3042421

Royal Pacific Lions Gate Realty Ltd.

$799,900

121 W 15th Street 1604, North Vancouver

2 Beds 1 Bath 755 SqFt Residential MLS® # R3040976

Royal LePage Sussex

$799,000

223 Mountain Highway P02, North Vancouver

2 Beds 2 Baths 1,156 SqFt Residential MLS® # R3040758

Real Broker

$798,000

223 Mountain Highway Ph12, North Vancouver

2 Beds 2 Baths 1,100 SqFt Residential MLS® # R3038732

Royal Pacific Lions Gate Realty Ltd.

$714,999

1500 Fern Street 805, North Vancouver

1 Bed 1 Bath 617 SqFt Residential MLS® # R3038607

Macdonald Realty

$788,888

3594 Malsum Drive 517, North Vancouver

2 Beds 1 Bath 767 SqFt Residential MLS® # R3038035

Century 21 In Town Realty

$769,000

580 Raven Woods Drive 309, North Vancouver

2 Beds 2 Baths 889 SqFt Residential MLS® # R3037423

Babych Group Realty Vancouver Ltd.

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