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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$3,328,000

682 Seymour Boulevard, North Vancouver

6 Beds 4 Baths 3,629 SqFt Residential MLS® # R3056334

Sutton Group-West Coast Realty

$4,998,000

4625 Strathcona Road, North Vancouver

4 Beds 4 Baths 3,411 SqFt Residential MLS® # R3056296

Engel & Volkers Vancouver

$2,349,000

↓ $149,000

1089 Kilmer Road, North Vancouver

4 Beds 5 Baths 3,715 SqFt Residential MLS® # R3056315

Royal LePage Sussex

$1,488,800

2375 Emery Court 102, North Vancouver

3 Beds 2 Baths 1,367 SqFt Residential MLS® # R3056287

Royal LePage Sussex

$1,075,000

1050 Bowron Court 403, North Vancouver

2 Beds 2 Baths 1,422 SqFt Residential MLS® # R3056251

Raymar Realty Ltd.

$2,499,000

997 Canyon Boulevard, North Vancouver

3 Beds 3 Baths 2,929 SqFt Residential MLS® # R3056261

Oakwyn Realty Ltd.

$1,699,000

4025 Sunset Boulevard, North Vancouver

3 Beds 2 Baths 1,620 SqFt Residential MLS® # R3056248

Royal LePage Sussex

$1,848,000

138 W Kings Road, North Vancouver

3 Beds 2 Baths 1,953 SqFt Residential MLS® # R3056168

Sutton Group-West Coast Realty

$1,499,000

844 St. Denis Avenue, North Vancouver

3 Beds 3 Baths 1,552 SqFt Residential MLS® # R3056132

Engel & Volkers Vancouver

$1,589,000

535 E 2nd Street 137, North Vancouver

4 Beds 3 Baths 1,607 SqFt Residential MLS® # R3056106

Royal Pacific Realty Corp.

$2,665,000

871 Fairway Drive, North Vancouver

4 Beds 3 Baths 3,360 SqFt Residential MLS® # R3056046

Renanza Realty Inc.

$1,849,000

723 E 4th Street, North Vancouver

3 Beds 3 Baths 2,435 SqFt Residential MLS® # R3055995

Oakwyn Realty Ltd.

$1,299,000

112 E 13th Street 1006, North Vancouver

2 Beds 2 Baths 1,084 SqFt Residential MLS® # R3055923

Oakwyn Realty Ltd.

$2,149,000

2212 St. Georges Avenue, North Vancouver

3 Beds 2 Baths 1,835 SqFt Residential MLS® # R3055877

RE/MAX Crest Realty

$2,275,000

445 W 26th Street, North Vancouver

4 Beds 3 Baths 2,752 SqFt Residential MLS® # R3055844

Royal LePage Sussex

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