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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$789,900

110 E 17th Street 515, North Vancouver

1 Bed 1 Bath 624 SqFt Residential MLS® # R3037318

Polygon Realty Limited

$799,900

↓ $25,100

1401 Hunter Street 1408, North Vancouver

2 Beds 2 Baths 802 SqFt Residential MLS® # R3036343

Oakwyn Realty Ltd.

$777,000

415 W Esplanade Gnb20, North Vancouver

2 Beds 2 Baths 1,154 SqFt Residential MLS® # R3035037

Royal LePage Westside

$795,000

↓ $64,000

245 St. Davids Avenue 404, North Vancouver

2 Beds 1 Bath 785 SqFt Residential MLS® # R3032279

Team 3000 Realty Ltd.

$735,000

2024 Fullerton Avenue 508, North Vancouver

2 Beds 2 Baths 1,113 SqFt Residential MLS® # R3031249

Sutton Group-West Coast Realty

$734,900

2385 Emery Court 409, North Vancouver

1 Bed 1 Bath 722 SqFt Residential MLS® # R3027374

eXp Realty of Canada, Inc.

$779,999

1327 E Keith Road 1106, North Vancouver

2 Beds 2 Baths 1,105 SqFt Residential MLS® # R3027275

Royal LePage Sussex

$739,900

2050 Glenaire Drive 123, North Vancouver

2 Beds 1 Bath 601 SqFt Residential MLS® # R3025896

MLA Canada Realty

$730,000

1675 Lions Gate Lane 505, North Vancouver

1 Bed 1 Bath 574 SqFt Residential MLS® # R3024560

Royal LePage Sussex

$704,900

↓ $9,100

1500 Fern Street 2202, North Vancouver

1 Bed 1 Bath 575 SqFt Residential MLS® # R3022431

Team 3000 Realty Ltd.

$769,000

↓ $26,000

128 E 8th Street 207, North Vancouver

2 Beds 1 Bath 728 SqFt Residential MLS® # R3018291

One Percent Realty Ltd.

$759,000

↓ $10,000

1519 Crown Street 309, North Vancouver

2 Beds 2 Baths 769 SqFt Residential MLS® # R3017774

Luxmore Realty

$799,000

2780 Valley Centre Avenue 510, North Vancouver

1 Bed 1 Bath 651 SqFt Residential MLS® # R3015935

Laboutique Realty

$724,900

↓ $15,000

1500 Fern Street 2205, North Vancouver

1 Bed 1 Bath 614 SqFt Residential MLS® # R3002053

Oakwyn Realty Ltd.

$798,000

1085 W 17th Street 308, North Vancouver

2 Beds 2 Baths 936 SqFt Residential MLS® # R2953692

Angell, Hasman & Associates Realty Ltd.

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