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, $900,000 - $1,000,000

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Oakwyn Realty Listing

$909,000

2665 Mountain Highway 301, North Vancouver

3 Beds 2 Baths 1,039 SqFt Residential MLS® # R3056405

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$919,000

128 E 8th Street 404, North Vancouver

2 Beds 2 Baths 818 SqFt Residential MLS® # R3053171

Oakwyn Realty Ltd.

Oakwyn Realty Listing

$999,000

2045 Heritage Park Lane 118, North Vancouver

2 Beds 2 Baths 931 SqFt Residential MLS® # R3052103

Oakwyn Realty Ltd.

New

$988,000

1000 Bowron Court 310, North Vancouver

2 Beds 2 Baths 1,252 SqFt Residential MLS® # R3061181

Dexter Realty

New

$958,000

1550 Fern Street 2104, North Vancouver

2 Beds 2 Baths 976 SqFt Residential MLS® # R3060629

Claridge Real Estate Advisors Inc.

$900,000

124 W 3rd Street 410, North Vancouver

2 Beds 2 Baths 904 SqFt Residential MLS® # R3058817

eXp Realty

$915,000

159 W 22nd Street 307, North Vancouver

2 Beds 2 Baths 856 SqFt Residential MLS® # R3058782

88West Realty

$949,888

711 W 14th Street 308, North Vancouver

3 Beds 2 Baths 1,075 SqFt Residential MLS® # R3058659

RE/MAX Masters Realty

$950,000

106 W Kings Road 301, North Vancouver

2 Beds 2 Baths 1,159 SqFt Residential MLS® # R3058624

Stonehaus Realty Corp.

$989,000

3182 Mountain Highway, North Vancouver

3 Beds 2 Baths 1,388 SqFt Residential MLS® # R3057127

Stilhavn Real Estate Services

$909,000

2665 Mountain Highway 301, North Vancouver

3 Beds 2 Baths 1,039 SqFt Residential MLS® # R3056405

Oakwyn Realty Ltd.

$949,800

2651 Library Lane 508, North Vancouver

2 Beds 2 Baths 896 SqFt Residential MLS® # R3054399

RE/MAX Crest Realty

$938,000

1555 Eastern Avenue 1504, North Vancouver

2 Beds 2 Baths 993 SqFt Residential MLS® # R3054045

Royal LePage Sussex

$929,900

717 Chesterfield Avenue 203, North Vancouver

2 Beds 2 Baths 991 SqFt Residential MLS® # R3053912

RE/MAX Real Estate Services

$998,000

151 W 2nd Street 1301, North Vancouver

2 Beds 2 Baths 870 SqFt Residential MLS® # R3053759

Orca Realty Inc.

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