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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$2,498,000

637 Alpine Court, North Vancouver

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

Heller Murch Realty

$1,065,000

1632 Lions Gate Lane 606, North Vancouver

2 Beds 2 Baths 920 SqFt Residential MLS® # R3056795

RE/MAX Crest Realty

$1,069,000

108 E 8th Street 416, North Vancouver

2 Beds 2 Baths 939 SqFt Residential MLS® # R3056757

Oakwyn Realty Ltd.

$1,618,000

2035 Glenaire Drive 173, North Vancouver

4 Beds 4 Baths 1,603 SqFt Residential MLS® # R3056746

Sutton Group-West Coast Realty

$1,324,900

2045 Heritage Park Lane 211, North Vancouver

4 Beds 2 Baths 1,594 SqFt Residential MLS® # R3056736

Stilhavn Real Estate Services

$3,499,000

404 Somerset Street, North Vancouver

4 Beds 3 Baths 4,682 SqFt Residential MLS® # R3056725

Oakwyn Realty Ltd.

$3,999,000

1583 Bond Street, North Vancouver

0 Beds 0 Baths 3,042 SqFt Residential MLS® # R3056699

The Partners Real Estate

$1,998,000

842 St. Denis Avenue, North Vancouver

3 Beds 3 Baths 1,700 SqFt Residential MLS® # R3056538

Engel & Volkers Vancouver

$1,368,000

3150 Sunnyhurst Road 10, North Vancouver

3 Beds 3 Baths 1,508 SqFt Residential MLS® # R3056449

Heller Murch Realty

$1,349,000

119 E 6th Street 5, North Vancouver

3 Beds 3 Baths 1,440 SqFt Residential MLS® # R3056429

Stonehaus Realty Corp.

$2,988,000

973 Adderley Street, North Vancouver

4 Beds 5 Baths 3,218 SqFt Residential MLS® # R3056421

Selmak Realty Limited

$2,660,000

4080 St. Pauls Avenue, North Vancouver

4 Beds 5 Baths 3,127 SqFt Residential MLS® # R3056411

Angell, Hasman & Associates Realty Ltd.

$2,988,000

971 Adderley Street, North Vancouver

4 Beds 5 Baths 3,300 SqFt Residential MLS® # R3056418

Selmak Realty Limited

$2,099,000

4593 Cliffmont Road, North Vancouver

5 Beds 3 Baths 2,207 SqFt Residential MLS® # R3056371

RE/MAX Results Realty

$1,849,000

635 E Keith Road, North Vancouver

6 Beds 3 Baths 3,207 SqFt Residential MLS® # R3056341

RE/MAX Real Estate Services

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