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, $800,000 - $900,000

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New Oakwyn Realty Listing

$848,000

1633 Mackay Avenue 119, North Vancouver

2 Beds 2 Baths 970 SqFt Residential MLS® # R3059930

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$849,900

1555 Eastern Avenue 603, North Vancouver

2 Beds 2 Baths 1,011 SqFt Residential MLS® # R3046225

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$825,000

135 E 13th Street 1104, North Vancouver

1 Bed 1 Bath 573 SqFt Residential MLS® # R3042855

Oakwyn Realty Ltd.

New

$829,900

131 W 20th Street 303, North Vancouver

2 Beds 2 Baths 1,054 SqFt Residential MLS® # R3061413

Rossetti Realty Ltd.

New

$889,900

1111 E 27th Street 106, North Vancouver

2 Beds 2 Baths 918 SqFt Residential MLS® # R3060577

Royal LePage Sussex

New

$848,000

1633 Mackay Avenue 119, North Vancouver

2 Beds 2 Baths 970 SqFt Residential MLS® # R3059930

Oakwyn Realty Ltd.

$899,900

135 W 2nd Street 408, North Vancouver

2 Beds 2 Baths 845 SqFt Residential MLS® # R3059135

Stilhavn Real Estate Services

$900,000

124 W 3rd Street 410, North Vancouver

2 Beds 2 Baths 904 SqFt Residential MLS® # R3058817

eXp Realty

$859,000

230 W 14th Street 24, North Vancouver

2 Beds 1 Bath 929 SqFt Residential MLS® # R3058643

Stilhavn Real Estate Services

$899,000

1327 E Keith Road 803, North Vancouver

2 Beds 2 Baths 1,165 SqFt Residential MLS® # R3058348

Royal LePage Sussex

$848,000

123 E 6th Street 303, North Vancouver

2 Beds 2 Baths 975 SqFt Residential MLS® # R3058242

Royal LePage Sussex - Edmonds Advantage

$859,000

108 W Esplanade Avenue 411, North Vancouver

2 Beds 2 Baths 919 SqFt Residential MLS® # R3058187

RE/MAX Masters Realty

$895,000

1515 Eastern Avenue 1304, North Vancouver

2 Beds 1 Bath 1,025 SqFt Residential MLS® # R3057084

Real Broker

$898,898

625 E 3rd Street 104, North Vancouver

2 Beds 2 Baths 898 SqFt Residential MLS® # R3056713

Royal Pacific Lions Gate Realty Ltd.

$859,980

1555 Eastern Avenue 804, North Vancouver

2 Beds 2 Baths 992 SqFt Residential MLS® # R3056496

Royal LePage Sussex

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