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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$1,239,000

715 W 15th Street 204, North Vancouver

3 Beds 2 Baths 1,190 SqFt Residential MLS® # R3045999

RE/MAX Crest Realty

$2,280,000

2007 Larson Road, North Vancouver

4 Beds 4 Baths 2,443 SqFt Residential MLS® # R3045965

RE/MAX All Points Realty

$1,275,000

111 E 13th Street 703, North Vancouver

2 Beds 2 Baths 957 SqFt Residential MLS® # R3045963

Engel & Volkers Vancouver

$2,198,000

239 W 22nd Street, North Vancouver

4 Beds 4 Baths 2,222 SqFt Residential MLS® # R3045755

Rossetti Realty Ltd.

$3,495,000

802 E 3rd Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3045729

Angell, Hasman & Associates Realty Ltd.

$1,769,000

1302 Lennox Street, North Vancouver

5 Beds 2 Baths 2,107 SqFt Residential MLS® # R3045679

Macdonald Realty

$2,579,000

4275 Lions Avenue, North Vancouver

3 Beds 2 Baths 1,923 SqFt Residential MLS® # R3045689

Stilhavn Real Estate Services

$3,980,000

615 E 6th Street, North Vancouver

9 Beds 8 Baths 5,057 SqFt Residential MLS® # R3045582

Sutton Group-West Coast Realty

$1,149,000

155 W 1st Street 1406, North Vancouver

2 Beds 2 Baths 1,033 SqFt Residential MLS® # R3045574

Stilhavn Real Estate Services

$1,885,000

↓ $14,000

1133 Ridgewood Drive 6, North Vancouver

3 Beds 4 Baths 1,890 SqFt Residential MLS® # R3045546

Sotheby's International Realty Canada

$1,345,000

↓ $23,000

2325 Emery Court 306, North Vancouver

2 Beds 2 Baths 1,160 SqFt Residential MLS® # R3045470

RE/MAX Clara Hartree

$1,320,000

1500 Fern Street 1807, North Vancouver

2 Beds 2 Baths 1,182 SqFt Residential MLS® # R3045444

Macdonald Realty

$3,947,500

↓ $47,500

4511 Capilano Road, North Vancouver

4 Beds 5 Baths 6,158 SqFt Residential MLS® # R3045305

RA Realty Alliance Inc.

$2,349,000

849 Riverside Drive, North Vancouver

3 Beds 3 Baths 2,034 SqFt Residential MLS® # R3045231

Oakwyn Realty Ltd.

$2,349,000

255 W 6th Street, North Vancouver

4 Beds 3 Baths 2,518 SqFt Residential MLS® # R3045276

Macdonald Realty

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