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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$2,498,000

2569 Hyannis Point, North Vancouver

4 Beds 3 Baths 2,782 SqFt Residential MLS® # R3048452

Oracle Realty Ltd.

$2,380,000

3435 St. Georges Avenue, North Vancouver

5 Beds 5 Baths 4,200 SqFt Residential MLS® # R3048441

RE/MAX Crest Realty

$1,299,000

↓ $86,000

2886 Mt Seymour Parkway, North Vancouver

3 Beds 3 Baths 1,507 SqFt Residential MLS® # R3048358

Royal LePage Sussex Pigott Properties

$2,499,900

2325 Emery Court Ph 1103, North Vancouver

3 Beds 3 Baths 1,619 SqFt Residential MLS® # R3048272

Engel & Volkers Vancouver

$1,599,000

Lot 3 Sunshine Falls Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3048245

Royal LePage Sussex - Edmonds Advantage

$1,469,000

↓ $26,000

903 E Keith Road, North Vancouver

3 Beds 2 Baths 1,758 SqFt Residential MLS® # R3048174

RE/MAX Masters Realty

$2,098,000

4755 Cove Cliff Road, North Vancouver

4 Beds 2 Baths 2,415 SqFt Residential MLS® # R3048175

1NE Collective Realty Inc.

$3,148,000

575 E 17th Street, North Vancouver

4 Beds 5 Baths 3,347 SqFt Residential MLS® # R3048176

The Partners Real Estate

$2,998,800

2867 Panorama Drive, North Vancouver

4 Beds 4 Baths 3,406 SqFt Residential MLS® # R3048123

Coldwell Banker Prestige Realty

$1,649,000

1689 Peters Road, North Vancouver

2 Beds 1 Bath 1,406 SqFt Residential MLS® # R3048110

Sutton Group-West Coast Realty

$1,568,000

↓ $130,000

3873 Cates Landing Way 406, North Vancouver

3 Beds 2 Baths 1,249 SqFt Residential MLS® # R3048024

Sutton Group-West Coast Realty

$2,988,800

531 Greenway Avenue, North Vancouver

6 Beds 5 Baths 2,702 SqFt Residential MLS® # R3047972

RE/MAX Masters Realty

$2,538,000

1501 Ostler Court, North Vancouver

5 Beds 4 Baths 3,426 SqFt Residential MLS® # R3047974

Royal LePage Sussex

$1,079,900

2385 Emery Court 407, North Vancouver

2 Beds 2 Baths 1,002 SqFt Residential MLS® # R3047856

Mosaic Avenue Realty Ltd.

$1,349,000

774 Orwell Street, North Vancouver

3 Beds 3 Baths 1,432 SqFt Residential MLS® # R3047803

Macdonald Realty

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