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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$1,650,000

1018 Cloverley Street, North Vancouver

4 Beds 3 Baths 2,126 SqFt Residential MLS® # R3049315

Sutton Group-West Coast Realty

$2,880,000

869 Clements Avenue, North Vancouver

5 Beds 3 Baths 2,654 SqFt Residential MLS® # R3049311

Sutton Group-West Coast Realty

$1,880,000

↓ $100,000

683 W Victoria Park 805, North Vancouver

3 Beds 2 Baths 1,363 SqFt Residential MLS® # R3049210

Sincere Real Estate Services

$2,499,000

1401 Hunter Street 2704, North Vancouver

2 Beds 2 Baths 1,324 SqFt Residential MLS® # R3049198

Sotheby's International Realty Canada

$1,088,800

168 Chadwick Court 503, North Vancouver

3 Beds 2 Baths 1,290 SqFt Residential MLS® # R3049169

Royal LePage Sussex - Edmonds Advantage

$2,575,000

587 Beachview Drive, North Vancouver

5 Beds 3 Baths 3,665 SqFt Residential MLS® # R3049094

RE/MAX Masters Realty

$1,480,000

1632 Lions Gate Lane 1601, North Vancouver

2 Beds 2 Baths 952 SqFt Residential MLS® # R3049055

RE/MAX Masters Realty

$1,899,000

263 W 6th Street, North Vancouver

4 Beds 4 Baths 1,790 SqFt Residential MLS® # R3049049

Sutton Group-West Coast Realty

$2,350,000

↓ $100,000

3566 Regent Avenue, North Vancouver

5 Beds 3 Baths 2,422 SqFt Residential MLS® # R3049034

Royal Pacific Lions Gate Realty Ltd.

$1,100,000

707 E 3 Street 303, North Vancouver

2 Beds 2 Baths 1,039 SqFt Residential MLS® # R3049033

Oracle Realty Ltd.

$1,999,999

↓ $288,889

437 E 29th Street, North Vancouver

6 Beds 3 Baths 2,989 SqFt Residential MLS® # R3048920

Macdonald Realty Westmar

$2,350,000

313 E 27 Street, North Vancouver

5 Beds 5 Baths 2,323 SqFt Residential MLS® # R3048863

Royal Pacific Realty Corp.

$1,849,000

↓ $100,000

848 E 6th Street, North Vancouver

3 Beds 2 Baths 2,223 SqFt Residential MLS® # R3048686

Royal LePage Sussex Pigott Properties

$2,399,000

3020 Thorncliffe Drive, North Vancouver

3 Beds 1 Bath 1,902 SqFt Residential MLS® # R3048635

Oakwyn Realty Ltd.

$2,895,000

2021 Rufus Drive, North Vancouver

4 Beds 3 Baths 2,961 SqFt Residential MLS® # R3048449

Royal LePage West Real Estate Services

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