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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$949,000

108 E 8th Street 304, North Vancouver

2 Beds 2 Baths 808 SqFt Residential MLS® # R3044943

Stilhavn Real Estate Services

$999,900

1471 Hunter Street 1207, North Vancouver

2 Beds 2 Baths 935 SqFt Residential MLS® # R3043686

Royal Pacific Lions Gate Realty Ltd.

$998,000

3732 Mt Seymour Parkway 402, North Vancouver

2 Beds 2 Baths 1,095 SqFt Residential MLS® # R3043219

Royal LePage Sussex Pigott Properties

$920,000

↓ $15,000

1320 Chesterfield Avenue 1706, North Vancouver

2 Beds 2 Baths 941 SqFt Residential MLS® # R3042567

Royal Pacific Lions Gate Realty Ltd.

$998,000

↓ $90,000

118 Carrie Cates Court 505, North Vancouver

1 Bed 1 Bath 746 SqFt Residential MLS® # R3040422

Wynn Real Estate Ltd.

$988,000

1591 Bowser Avenue 205, North Vancouver

2 Beds 2 Baths 1,055 SqFt Residential MLS® # R3039791

Macdonald Realty

$929,000

422 E 3rd Street 359, North Vancouver

1 Bed 1 Bath 615 SqFt Residential MLS® # R3039161

Stilhavn Real Estate Services

$999,900

2380 Emery Court 202, North Vancouver

2 Beds 2 Baths 1,063 SqFt Residential MLS® # R3038524

Mosaic Avenue Realty Ltd.

$949,900

↓ $28,100

707 E 3rd Street 308, North Vancouver

2 Beds 2 Baths 935 SqFt Residential MLS® # R3038325

RE/MAX Masters Realty

$999,990

172 Victory Ship Way 502, North Vancouver

2 Beds 2 Baths 900 SqFt Residential MLS® # R3037698

RE/MAX All Points Realty

$968,000

444 Lonsdale Avenue 705, North Vancouver

2 Beds 2 Baths 1,074 SqFt Residential MLS® # R3036798

Oakwyn Realty Ltd.

$948,000

128 W 15th Street 1102, North Vancouver

1 Bed 1 Bath 667 SqFt Residential MLS® # R3035755

Polygon Realty Limited

$939,000

↓ $50,000

140 E Keith Road 1003, North Vancouver

2 Beds 2 Baths 964 SqFt Residential MLS® # R3035279

Rossetti Realty Ltd.

$948,000

↓ $42,000

128 E 8th Street 202, North Vancouver

2 Beds 2 Baths 804 SqFt Residential MLS® # R3032795

Panda Luxury Homes

$998,000

↓ $61,900

3600 Windcrest Drive 204, North Vancouver

2 Beds 3 Baths 1,383 SqFt Residential MLS® # R3027916

Royal LePage Sussex

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