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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$919,000

128 E 8th Street 404, North Vancouver

2 Beds 2 Baths 818 SqFt Residential MLS® # R3053171

Oakwyn Realty Ltd.

$969,000

128 W 8th Street 104, North Vancouver

2 Beds 2 Baths 960 SqFt Residential MLS® # R3052115

Royal LePage Sussex

$999,000

2045 Heritage Park Lane 118, North Vancouver

2 Beds 2 Baths 931 SqFt Residential MLS® # R3052103

Oakwyn Realty Ltd.

$909,000

255 W 1st Street 428, North Vancouver

2 Beds 2 Baths 851 SqFt Residential MLS® # R3051974

Angell, Hasman & Associates Realty Ltd.

$988,000

2045 Heritage Park Lane 110, North Vancouver

2 Beds 2 Baths 941 SqFt Residential MLS® # R3051694

Royal LePage Sussex

$938,000

↓ $30,000

3608 Deercrest Drive 302, North Vancouver

3 Beds 2 Baths 1,182 SqFt Residential MLS® # R3051358

Sutton Group-West Coast Realty

$929,000

580 Raven Woods Drive 109, North Vancouver

2 Beds 2 Baths 1,100 SqFt Residential MLS® # R3051073

Babych Group Realty Vancouver Ltd.

$949,000

158 W 13th Street 1302, North Vancouver

2 Beds 2 Baths 849 SqFt Residential MLS® # R3049419

Babych Group Realty Vancouver Ltd.

$929,000

3349 Mountain Highway, North Vancouver

2 Beds 3 Baths 1,297 SqFt Residential MLS® # R3049065

Oakwyn Realty Ltd.

$998,000

160 W 3rd Street 308, North Vancouver

2 Beds 2 Baths 926 SqFt Residential MLS® # R3049003

Sutton Group-West Coast Realty

$909,000

↓ $16,000

255 W 1st Street 412, North Vancouver

2 Beds 2 Baths 849 SqFt Residential MLS® # R3048991

Sutton Group-West Coast Realty

$974,900

188 E Esplanade 2001, North Vancouver

2 Beds 2 Baths 954 SqFt Residential MLS® # R3048784

Oakwyn Realty Ltd.

$979,000

728 W 14th Street 22, North Vancouver

2 Beds 2 Baths 1,085 SqFt Residential MLS® # R3048349

Sutton Group-West Coast Realty

$999,000

1401 Hunter Street 1406, North Vancouver

2 Beds 2 Baths 946 SqFt Residential MLS® # R3045362

Royal Pacific Realty Corp.

$989,000

1500 Fern Street 1401, North Vancouver

2 Beds 2 Baths 865 SqFt Residential MLS® # R3044963

Royal LePage Sussex

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