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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$899,900

2380 Emery Court 206, North Vancouver

2 Beds 2 Baths 833 SqFt Residential MLS® # R3038580

Mosaic Avenue Realty Ltd.

$875,000

128 E 8th Street 107, North Vancouver

2 Beds 1 Bath 725 SqFt Residential MLS® # R3038512

Engel & Volkers Vancouver

$817,880

↓ $22,320

1471 Hunter Street 1304, North Vancouver

2 Beds 2 Baths 802 SqFt Residential MLS® # R3037774

Royal Pacific Lions Gate Realty Ltd.

$819,900

110 E 17th Street 301, North Vancouver

1 Bed 1 Bath 624 SqFt Residential MLS® # R3037308

Polygon Realty Limited

$838,000

3629 Deercrest Drive 219, North Vancouver

2 Beds 2 Baths 961 SqFt Residential MLS® # R3034405

Oakwyn Realty Ltd.

$888,000

2651 Library Lane 205, North Vancouver

2 Beds 2 Baths 883 SqFt Residential MLS® # R3033995

Swift Realty Ltd.

$889,000

↓ $10,800

288 St. Davids Avenue 12, North Vancouver

2 Beds 2 Baths 865 SqFt Residential MLS® # R3032836

Oakwyn Realty Ltd.

$899,000

↓ $50,000

365 E 1st Street 213, North Vancouver

2 Beds 2 Baths 931 SqFt Residential MLS® # R3026996

Royal LePage Sussex

$899,999

↓ $39,001

168 E Esplanade 702, North Vancouver

2 Beds 2 Baths 955 SqFt Residential MLS® # R3023043

NAI Commercial

$880,000

1679 Lloyd Avenue 509, North Vancouver

2 Beds 2 Baths 934 SqFt Residential MLS® # R3016111

Royal Pacific Lions Gate Realty Ltd.

$868,000

185 Victory Ship Way 305, North Vancouver

1 Bed 1 Bath 659 SqFt Residential MLS® # R3010331

RE/MAX Masters Realty

$839,000

↓ $40,000

114 W Keith Road 403, North Vancouver

2 Beds 2 Baths 968 SqFt Residential MLS® # R3007608

Sutton Group-West Coast Realty

$888,000

2651 Library Lane 202, North Vancouver

2 Beds 2 Baths 872 SqFt Residential MLS® # R3004673

Sincere Real Estate Services

$900,000

1005 Lynn Valley Road 15, North Vancouver

2 Beds 2 Baths 1,013 SqFt Residential MLS® # R2989112

RE/MAX Westcoast

$899,000

1015 Lynn Valley Road 15, North Vancouver

2 Beds 2 Baths 1,007 SqFt Residential MLS® # R2990593

Nu Stream Realty Inc.

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