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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$3,499,000

1488 Berkley Road, North Vancouver

4 Beds 3 Baths 4,168 SqFt Residential MLS® # R3055815

Royal LePage Sussex

$2,799,000

2958 Mahon Avenue, North Vancouver

6 Beds 4 Baths 3,664 SqFt Residential MLS® # R3055806

Bellevue Realty Group

$2,199,500

338 E Osborne Road, North Vancouver

3 Beds 2 Baths 1,751 SqFt Residential MLS® # R3055725

Royal LePage Sussex

$1,099,000

↓ $30,000

3132 Lonsdale Avenue, North Vancouver

3 Beds 2 Baths 1,545 SqFt Residential MLS® # R3055634

RE/MAX Crest Realty

$1,398,000

3782 Mt Seymour Parkway, North Vancouver

2 Beds 1 Bath 1,238 SqFt Residential MLS® # R3055554

Bellevue Realty Group

$1,049,900

1500 Fern Street 1701, North Vancouver

2 Beds 2 Baths 874 SqFt Residential MLS® # R3055377

88West Realty

$2,049,900

1707 Dempsey Road, North Vancouver

5 Beds 3 Baths 2,230 SqFt Residential MLS® # R3054902

Keller Williams Ocean Realty

$1,099,000

1288 Chesterfield Avenue Th4, North Vancouver

2 Beds 3 Baths 1,215 SqFt Residential MLS® # R3054766

Engel & Volkers Vancouver

$1,095,000

1632 Lions Gate Lane 607, North Vancouver

2 Beds 2 Baths 898 SqFt Residential MLS® # R3054713

Oakwyn Realty Ltd.

$2,498,000

342 E 18th Street, North Vancouver

4 Beds 2 Baths 2,013 SqFt Residential MLS® # R3054706

Royal Pacific Realty Corp.

$2,395,000

340 E 12th Street, North Vancouver

5 Beds 4 Baths 2,821 SqFt Residential MLS® # R3054678

The Agency Vancouver

$4,880,000

1393 Greenbriar Way, North Vancouver

5 Beds 6 Baths 4,761 SqFt Residential MLS® # R3049464

LeHomes Realty Premier

$2,490,000

3595 Wellington Crescent, North Vancouver

4 Beds 3 Baths 3,099 SqFt Residential MLS® # R3054632

Pacific Evergreen Realty Ltd.

$1,299,000

120 W 2nd Street 1202, North Vancouver

2 Beds 2 Baths 1,179 SqFt Residential MLS® # R3054630

Rennie & Associates Realty Ltd.

$2,475,000

822 E 4th Street, North Vancouver

3 Beds 2 Baths 1,836 SqFt Residential MLS® # R3050142

Vanak Realty

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