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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$1,425,000

4370 Mountain Highway, North Vancouver

4 Beds 2 Baths 1,281 SqFt Residential MLS® # R3052423

Royal LePage - Wolstencroft

$2,099,000

622 Croydon Place, North Vancouver

4 Beds 2 Baths 2,400 SqFt Residential MLS® # R3052430

Sutton Group-West Coast Realty

$1,899,000

↓ $90,000

723 Handsworth Road, North Vancouver

4 Beds 2 Baths 2,368 SqFt Residential MLS® # R3052386

Macdonald Realty

$1,869,000

341 W 22nd Street, North Vancouver

3 Beds 2 Baths 1,798 SqFt Residential MLS® # R3052375

Rossetti Realty Ltd.

$2,550,000

2000 Lloyd Avenue, North Vancouver

5 Beds 3 Baths 2,640 SqFt Residential MLS® # R3052347

RE/MAX Results Realty

$1,315,000

2425 Edgemont Boulevard 13, North Vancouver

3 Beds 2 Baths 1,724 SqFt Residential MLS® # R3052227

Royal LePage Sussex

$1,999,800

100 E Kensington Road, North Vancouver

3 Beds 3 Baths 2,177 SqFt Residential MLS® # R3052191

Sincere Real Estate Services

$1,100,000

747 E 3rd Street 413, North Vancouver

2 Beds 2 Baths 1,060 SqFt Residential MLS® # R3052179

Royal LePage Sussex

$2,070,000

3410 Mount Seymour Parkway, North Vancouver

4 Beds 3 Baths 2,953 SqFt Residential MLS® # R3052158

Royal Pacific Lions Gate Realty Ltd.

$3,588,888

3252 Allan Road, North Vancouver

6 Beds 6 Baths 3,974 SqFt Residential MLS® # R3052124

Jovi Realty Inc.

$2,098,000

336 E 12th Street, North Vancouver

3 Beds 4 Baths 2,707 SqFt Residential MLS® # R3052095

Oakwyn Realty Ltd.

$1,898,000

5709 Owl Court, North Vancouver

5 Beds 5 Baths 3,338 SqFt Residential MLS® # R3052099

Rennie & Associates Realty Ltd.

$4,280,000

1390 Sutherland Avenue, North Vancouver

6 Beds 5 Baths 3,583 SqFt Residential MLS® # R3052001

Salus Realty Inc

$3,178,000

1033 Prospect Avenue, North Vancouver

5 Beds 4 Baths 3,359 SqFt Residential MLS® # R3051970

Sutton Group-West Coast Realty

$2,550,000

↓ $88,000

3908 Blantyre Place, North Vancouver

6 Beds 4 Baths 4,368 SqFt Residential MLS® # R3051967

Oracle Realty Ltd.

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