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, Over $1,000,000

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$1,898,000

342 E 26th Street, North Vancouver

4 Beds 4 Baths 2,321 SqFt Residential MLS® # R3057338

Royal LePage Sussex

$3,395,000

3190 St. Georges Avenue, North Vancouver

8 Beds 6 Baths 5,015 SqFt Residential MLS® # R3057337

Oakwyn Realty Ltd.

$2,198,000

2052 Westview Drive, North Vancouver

6 Beds 4 Baths 2,088 SqFt Residential MLS® # R3057335

Salus Realty Inc

$1,280,000

185 Victory Ship Way 203, North Vancouver

2 Beds 2 Baths 956 SqFt Residential MLS® # R3057322

Anson Realty Ltd.

$1,680,000

175 Victory Ship Way 904, North Vancouver

2 Beds 2 Baths 1,144 SqFt Residential MLS® # R3057309

Anson Realty Ltd.

$3,098,000

3823 Michener Way, North Vancouver

6 Beds 5 Baths 4,864 SqFt Residential MLS® # R3057270

Macdonald Realty

$2,199,000

2333 Kirkstone Road, North Vancouver

5 Beds 3 Baths 2,549 SqFt Residential MLS® # R3057247

88West Realty

$1,849,000

1052 Montroyal Boulevard, North Vancouver

4 Beds 2 Baths 1,948 SqFt Residential MLS® # R3057221

Royal Pacific Lions Gate Realty Ltd.

$1,099,000

1621 Fell Avenue, North Vancouver

3 Beds 3 Baths 1,699 SqFt Residential MLS® # R3057110

eXp Realty

$2,463,120

1333 East 8th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3057063

RE/MAX Crest Realty

$1,698,000

650 W Keith Road 1, North Vancouver

4 Beds 3 Baths 2,072 SqFt Residential MLS® # R3056980

Bellevue Realty Group

$4,395,000

5141 Sarita Avenue, North Vancouver

6 Beds 5 Baths 5,204 SqFt Residential MLS® # R3056944

Royal LePage Sussex

$1,699,000

1491 Dempsey Road, North Vancouver

3 Beds 2 Baths 1,694 SqFt Residential MLS® # R3056839

Rossetti Realty Ltd.

$2,299,800

432 E 1st Street 2, North Vancouver

5 Beds 5 Baths 2,698 SqFt Residential MLS® # R3056878

Oakwyn Realty Ltd.

$2,498,000

637 Alpine Court, North Vancouver

5 Beds 3 Baths 2,656 SqFt Residential MLS® # R3056813

Heller Murch Realty

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