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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$1,048,000

1675 Lions Gate Lane 1302, North Vancouver

2 Beds 2 Baths 778 SqFt Residential MLS® # R3050243

Sutton Group-West Coast Realty

$1,098,500

138 E Esplanade Esplanade 1907, North Vancouver

2 Beds 2 Baths 959 SqFt Residential MLS® # R3050189

Oakwyn Realty Ltd.

$1,100,000

220 E 4th Street 19, North Vancouver

2 Beds 2 Baths 1,355 SqFt Residential MLS® # R3050077

Oakwyn Realty Ltd.

$2,189,000

1285 Lucking Place, North Vancouver

4 Beds 3 Baths 2,583 SqFt Residential MLS® # R3050045

Macdonald Realty

$1,275,000

1632 Lions Gate Lane 1205, North Vancouver

2 Beds 2 Baths 945 SqFt Residential MLS® # R3050034

Real Broker

$1,299,000

111 E 13th Street 1403, North Vancouver

2 Beds 2 Baths 940 SqFt Residential MLS® # R3049897

Royal LePage Sussex

$1,299,000

108 E 8th Street Th13, North Vancouver

2 Beds 2 Baths 1,078 SqFt Residential MLS® # R3049836

Macdonald Realty

$1,798,000

4379 Capilano Road, North Vancouver

5 Beds 3 Baths 2,656 SqFt Residential MLS® # R3049732

Rossetti Realty Ltd.

$1,249,000

2651 Library Lane 401, North Vancouver

3 Beds 2 Baths 1,200 SqFt Residential MLS® # R3049600

Royal LePage Sterling Realty

$4,198,000

5197 Sonora Drive, North Vancouver

5 Beds 5 Baths 3,887 SqFt Residential MLS® # R3049580

Parallel 49 Realty

$2,748,000

683 W Victoria Park Ph8, North Vancouver

3 Beds 4 Baths 2,218 SqFt Residential MLS® # R3049517

Royal Pacific Realty Corp.

$2,600,000

613 E 7th Street, North Vancouver

6 Beds 4 Baths 3,084 SqFt Residential MLS® # R3049462

Heller Murch Realty

$1,348,000

↓ $27,000

565 E 2nd Street 161, North Vancouver

3 Beds 3 Baths 1,145 SqFt Residential MLS® # R3049355

The Partners Real Estate

$1,938,000

732 E 29th Street, North Vancouver

4 Beds 2 Baths 1,680 SqFt Residential MLS® # R3049349

Sutton Group-West Coast Realty

$2,348,000

413 W Keith Road, North Vancouver

5 Beds 4 Baths 2,401 SqFt Residential MLS® # R3049316

Oakwyn Realty Ltd.

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