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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$2,799,000

619 E 22nd Street, North Vancouver

4 Beds 5 Baths 3,437 SqFt Residential MLS® # R3051326

Stilhavn Real Estate Services

$1,844,900

↑ $46,100

1133 Ridgewood Drive 5, North Vancouver

3 Beds 4 Baths 1,838 SqFt Residential MLS® # R3051279

Royal LePage Sussex

$1,799,000

2239 Windridge Drive, North Vancouver

3 Beds 2 Baths 1,591 SqFt Residential MLS® # R3051238

Rennie & Associates Realty Ltd.

$2,850,000

645 St. Davids Avenue, North Vancouver

3 Beds 2 Baths 2,650 SqFt Residential MLS® # R3051263

Sutton Group-West Coast Realty

$2,950,000

3595 Princess Avenue, North Vancouver

5 Beds 3 Baths 3,452 SqFt Residential MLS® # R3051204

VIRANI REAL ESTATE ADVISORS

$1,388,000

3825 Cates Landing Way 308, North Vancouver

2 Beds 2 Baths 1,098 SqFt Residential MLS® # R3051126

Royal Pacific Realty Corp.

$1,898,000

↓ $70,000

4684 Capilano Road, North Vancouver

3 Beds 4 Baths 2,232 SqFt Residential MLS® # R3051035

Babych Group Realty Vancouver Ltd.

$2,799,000

4622 Cove Cliff Road, North Vancouver

4 Beds 4 Baths 3,994 SqFt Residential MLS® # R3051010

RE/MAX Results Realty

$1,199,900

2045 Heritage Park Lane 213, North Vancouver

4 Beds 2 Baths 1,511 SqFt Residential MLS® # R3050964

Stilhavn Real Estate Services

$1,698,000

↓ $51,000

1664 St.georges Avenue, North Vancouver

3 Beds 3 Baths 1,887 SqFt Residential MLS® # R3050886

Century 21 In Town Realty

$3,679,000

3061 Bewicke Avenue, North Vancouver

4 Beds 4 Baths 3,000 SqFt Residential MLS® # R3050794

Macdonald Realty

$3,595,000

291 Monteray Avenue, North Vancouver

5 Beds 6 Baths 4,771 SqFt Residential MLS® # R3050529

Stilhavn Real Estate Services

$2,199,000

3658 Loraine Avenue, North Vancouver

4 Beds 2 Baths 2,105 SqFt Residential MLS® # R3050401

Macdonald Realty

$2,800,000

5154 Ranger Avenue, North Vancouver

4 Beds 3 Baths 2,680 SqFt Residential MLS® # R3050381

Oakwyn Realty Ltd.

$1,049,000

615 E 3rd Street 205, North Vancouver

2 Beds 2 Baths 997 SqFt Residential MLS® # R3050377

Royal LePage Sussex

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