Date: July 11, 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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906 Prospect Avenue, North Vancouver

$3,950,000

906 Prospect Avenue, North Vancouver

6 Beds 4 Baths 4,852 SqFt Residential MLS® # R3047214

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

2070 Curling Road 109, North Vancouver

$1,729,000

2070 Curling Road 109, North Vancouver

4 Beds 3 Baths 1,831 SqFt Residential MLS® # R3047197

Royal LePage West Real Estate ServicesReal Estate Board of Greater Vancouver Logo

1295 Conifer Street 105, North Vancouver

$1,138,000

↓ $40,000

1295 Conifer Street 105, North Vancouver

2 Beds 2 Baths 1,059 SqFt Residential MLS® # R3047155

Royal Pacific Realty Corp.Real Estate Board of Greater Vancouver Logo

442 W 23rd Street, North Vancouver

$1,495,000

↓ $100,000

442 W 23rd Street, North Vancouver

4 Beds 2 Baths 1,910 SqFt Residential MLS® # R3047126

Magsen Realty Inc.Real Estate Board of Greater Vancouver Logo

246 W 5th Street, North Vancouver

$2,980,000

246 W 5th Street, North Vancouver

10 Beds 6 Baths 4,030 SqFt Residential Income MLS® # R3047005

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

1184 Riverside Drive, North Vancouver

$1,899,000

1184 Riverside Drive, North Vancouver

4 Beds 4 Baths 3,140 SqFt Residential MLS® # R3046987

Angell, Hasman & Associates Realty Ltd.Real Estate Board of Greater Vancouver Logo

2358 Western Avenue 16, North Vancouver

$1,349,000

↓ $81,000

2358 Western Avenue 16, North Vancouver

3 Beds 4 Baths 1,816 SqFt Residential MLS® # R3046924

Macdonald Realty (Surrey/152)Real Estate Board of Greater Vancouver Logo

405 Marie Place 409, North Vancouver

$1,094,900

405 Marie Place 409, North Vancouver

3 Beds 2 Baths 963 SqFt Residential MLS® # R3046943

Prominent Real Estate ServicesReal Estate Board of Greater Vancouver Logo

828 Beachview Drive, North Vancouver

$10,880,000

828 Beachview Drive, North Vancouver

9 Beds 12 Baths 12,964 SqFt Residential MLS® # R3046935

1NE Collective Realty Inc.Real Estate Board of Greater Vancouver Logo

215 W 18th Street, North Vancouver

$1,639,800

↓ $18,200

215 W 18th Street, North Vancouver

3 Beds 3 Baths 1,659 SqFt Residential MLS® # R3046882

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

5685 Nancy Greene Way, North Vancouver

$2,398,000

5685 Nancy Greene Way, North Vancouver

4 Beds 4 Baths 4,256 SqFt Residential MLS® # R3046848

Rossetti Realty Ltd.Real Estate Board of Greater Vancouver Logo

4323 Valencia Avenue, North Vancouver

$2,699,000

4323 Valencia Avenue, North Vancouver

5 Beds 4 Baths 3,146 SqFt Residential MLS® # R3046787

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

602 E 2nd Street 102, North Vancouver

$1,199,900

602 E 2nd Street 102, North Vancouver

2 Beds 3 Baths 1,088 SqFt Residential MLS® # R3046682

Macdonald RealtyReal Estate Board of Greater Vancouver Logo

602 E 2nd Street 226, North Vancouver

$1,497,900

602 E 2nd Street 226, North Vancouver

3 Beds 3 Baths 1,221 SqFt Residential MLS® # R3046684

Macdonald RealtyReal Estate Board of Greater Vancouver Logo

602 E 2nd Street 225, North Vancouver

$1,335,900

602 E 2nd Street 225, North Vancouver

2 Beds 3 Baths 1,070 SqFt Residential MLS® # R3046683

Macdonald RealtyReal Estate Board of Greater Vancouver Logo


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