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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$818,000

719 W 3rd Street 412, North Vancouver

2 Beds 2 Baths 804 SqFt Residential MLS® # R3055731

Royal LePage Sussex

$869,000

1679 Lloyd Street 409, North Vancouver

2 Beds 2 Baths 934 SqFt Residential MLS® # R3055670

Engel & Volkers Vancouver

$898,000

1385 Draycott Road 413, North Vancouver

2 Beds 2 Baths 1,042 SqFt Residential MLS® # R3055501

Royal LePage Sussex

$838,000

1150 Lynn Valley Road 206, North Vancouver

1 Bed 2 Baths 1,144 SqFt Residential MLS® # R3054230

Multiple Realty Ltd.

$899,000

140 E Keith Road 601, North Vancouver

2 Beds 2 Baths 958 SqFt Residential MLS® # R3054048

Royal LePage Sussex

$850,000

↓ $48,000

111 E 3rd Street 212, North Vancouver

2 Beds 2 Baths 808 SqFt Residential MLS® # R3053481

Babych Group Realty Vancouver Ltd.

$849,000

1550 Fern Street 1702, North Vancouver

2 Beds 2 Baths 841 SqFt Residential MLS® # R3052815

Royal LePage Sussex

$809,000

2765 Westview Drive, North Vancouver

3 Beds 3 Baths 1,500 SqFt Residential MLS® # R3052614

RE/MAX Crest Realty

$819,900

120 W 16th Street 1403, North Vancouver

2 Beds 2 Baths 810 SqFt Residential MLS® # R3052144

Royal Pacific Lions Gate Realty Ltd.

$875,000

↓ $24,000

728 W 14th Street 45, North Vancouver

2 Beds 2 Baths 968 SqFt Residential MLS® # R3051249

Century 21 In Town Realty

$899,999

170 W 1st Street 103, North Vancouver

2 Beds 2 Baths 889 SqFt Residential MLS® # R3050968

RE/MAX Masters Realty

$898,000

580 Raven Woods Drive 422, North Vancouver

2 Beds 2 Baths 894 SqFt Residential MLS® # R3050488

Royal Pacific Realty Corp.

$855,000

2665 Mountain Highway 101, North Vancouver

2 Beds 2 Baths 915 SqFt Residential MLS® # R3050450

RE/MAX City Realty

$875,000

1111 E 27th Street 204, North Vancouver

2 Beds 2 Baths 918 SqFt Residential MLS® # R3050443

RE/MAX Crest Realty

$849,000

3602 Aldercrest Drive 305, North Vancouver

2 Beds 2 Baths 876 SqFt Residential MLS® # R3050379

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