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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$2,475,000

822 E 4th Street, North Vancouver

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

Vanak Realty

$1,700,000

2433 Philip Avenue, North Vancouver

5 Beds 2 Baths 1,838 SqFt Residential MLS® # R3054572

Royal LePage Sussex - Edmonds Advantage

$1,829,000

2990 Eddystone Crescent, North Vancouver

4 Beds 2 Baths 2,500 SqFt Residential MLS® # R3054569

Royal LePage Sussex - Edmonds Advantage

$1,929,900

962 Whitchurch Street, North Vancouver

4 Beds 2 Baths 2,288 SqFt Residential MLS® # R3054558

RE/MAX Masters Realty

$1,580,000

1632 Lions Gate Lane 1806, North Vancouver

3 Beds 2 Baths 1,256 SqFt Residential MLS® # R3054502

Sincere Real Estate Services

$2,188,800

1202 Bracknell Crescent, North Vancouver

3 Beds 3 Baths 2,189 SqFt Residential MLS® # R3054445

Royal LePage Sussex - Edmonds Advantage

$1,799,000

↓ $100,000

950 Roche Point Drive, North Vancouver

4 Beds 3 Baths 2,078 SqFt Residential MLS® # R3054425

Oakwyn Realty Ltd.

$1,190,000

680 Seylynn Crescent 2801, North Vancouver

2 Beds 2 Baths 1,022 SqFt Residential MLS® # R3054374

Rennie & Associates Realty Ltd.

$1,988,000

175 Victory Ship Way 105, North Vancouver

2 Beds 3 Baths 1,536 SqFt Residential MLS® # R3030495

Royal LePage Sussex Pigott Properties

$2,398,000

873 Baycrest Drive, North Vancouver

3 Beds 2 Baths 2,012 SqFt Residential MLS® # R3054307

Nu Stream Realty Inc.

$2,198,000

1072 Clements Avenue, North Vancouver

4 Beds 3 Baths 3,388 SqFt Residential MLS® # R3054243

Macdonald Realty

$2,678,000

3681 Henderson Avenue, North Vancouver

8 Beds 7 Baths 4,293 SqFt Residential MLS® # R3054242

RE/MAX Select Properties

$2,789,000

318 Roche Point Drive, North Vancouver

7 Beds 4 Baths 4,640 SqFt Residential MLS® # R3054212

RE/MAX Crest Realty

$2,325,000

780 E 16th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3054145

Royal LePage Sussex

$1,649,900

2320 Emery Court 106, North Vancouver

3 Beds 3 Baths 1,612 SqFt Residential MLS® # R3054053

Sutton Group-West Coast Realty

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