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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$2,189,000

4164 Fairway Place, North Vancouver

4 Beds 3 Baths 2,630 SqFt Residential MLS® # R3050687

Hugh & McKinnon Realty Ltd.

$4,098,000

929 Canyon Boulevard, North Vancouver

6 Beds 7 Baths 5,009 SqFt Residential MLS® # R3051948

Royal Pacific Realty Corp.

$1,549,000

↓ $36,000

252 W 13th Street 1, North Vancouver

3 Beds 3 Baths 2,058 SqFt Residential MLS® # R3051912

Century 21 In Town Realty

$1,675,000

1546 Hope Road, North Vancouver

3 Beds 3 Baths 1,700 SqFt Residential MLS® # R3051701

Royal LePage Sussex

$1,349,900

2035 Glenaire Drive 103, North Vancouver

3 Beds 3 Baths 1,457 SqFt Residential MLS® # R3051690

Keller Williams Ocean Realty

$1,898,000

1835 Arborlynn Drive, North Vancouver

5 Beds 4 Baths 2,800 SqFt Residential MLS® # R3051672

Oakwyn Realty Ltd.

$1,175,000

↓ $24,900

2665 Mountain Highway 206, North Vancouver

3 Beds 2 Baths 1,151 SqFt Residential MLS® # R3051637

Stilhavn Real Estate Services

$1,888,000

2212 Old Dollarton Road, North Vancouver

4 Beds 2 Baths 2,461 SqFt Residential MLS® # R3051619

RE/MAX Masters Realty

$1,685,000

3300 Capilano Road 137, North Vancouver

3 Beds 4 Baths 2,172 SqFt Residential MLS® # R3051609

Engel & Volkers Vancouver

$1,988,000

860 Ruckle Court, North Vancouver

3 Beds 3 Baths 2,044 SqFt Residential MLS® # R3051475

Sutton Group - 1st West Realty

$1,849,900

316 W Queens Road, North Vancouver

4 Beds 3 Baths 2,272 SqFt Residential MLS® # R3051457

RE/MAX Crest Realty

$1,939,000

3651 Garibaldi Drive, North Vancouver

5 Beds 4 Baths 2,840 SqFt Residential MLS® # R3051411

Team 3000 Realty Ltd.

$2,399,000

4938 Redonda Drive, North Vancouver

7 Beds 6 Baths 3,297 SqFt Residential MLS® # R3051142

The Agency Vancouver

$1,378,000

3151 Woodbine Drive 204, North Vancouver

2 Beds 2 Baths 1,230 SqFt Residential MLS® # R3051306

Royal LePage Sussex

$2,850,000

645 St. Davids Avenue, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3051313

Sutton Group-West Coast Realty

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