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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$5,900,000

4262 Lions Avenue, North Vancouver

5 Beds 6 Baths 6,312 SqFt Residential MLS® # R3045253

RE/MAX Masters Realty

$2,349,000

255 W 6th Street, North Vancouver

4 Beds 3 Baths 2,518 SqFt Residential MLS® # R3045176

Macdonald Realty

$1,449,900

1500 Fern Street 401, North Vancouver

3 Beds 2 Baths 1,459 SqFt Residential MLS® # R3045096

Oakwyn Realty Ltd.

$4,680,000

↓ $108,000

3560 Highland Boulevard, North Vancouver

9 Beds 9 Baths 6,024 SqFt Residential MLS® # R3045166

Luxmore Realty

$1,799,900

1220 Seymour Boulevard, North Vancouver

3 Beds 2 Baths 2,184 SqFt Residential MLS® # R3045039

Oakwyn Realty Ltd.

$1,399,000

683 W Victoria Park Ph3, North Vancouver

2 Beds 3 Baths 1,306 SqFt Residential MLS® # R3044931

Oakwyn Realty Ltd.

$1,388,000

↓ $37,000

260 E 4th Street 4, North Vancouver

2 Beds 3 Baths 1,750 SqFt Residential MLS® # R3045044

Royal LePage Sussex - Tom Hassan

$5,388,000

983 Tudor Avenue, North Vancouver

4 Beds 6 Baths 5,198 SqFt Residential MLS® # R3044904

Real Broker

$1,355,000

2632 Library Lane 404, North Vancouver

3 Beds 2 Baths 1,164 SqFt Residential MLS® # R3044922

eXp Realty

$3,495,000

↓ $200,000

3365 Edgemont Boulevard, North Vancouver

6 Beds 6 Baths 4,059 SqFt Residential MLS® # R3044814

Stilhavn Real Estate Services

$2,599,000

4869 Capilano Road, North Vancouver

5 Beds 4 Baths 4,882 SqFt Residential MLS® # R3044960

Royal LePage Sussex

$4,580,000

3582 Edgemont Boulevard, North Vancouver

6 Beds 6 Baths 5,373 SqFt Residential MLS® # R3044895

LeHomes Realty Premier

$1,818,000

341 E 13th Street, North Vancouver

3 Beds 3 Baths 1,425 SqFt Residential MLS® # R3044620

Royal LePage Sussex

$2,788,000

4066 Norwood Avenue, North Vancouver

5 Beds 5 Baths 3,444 SqFt Residential MLS® # R3044849

RE/MAX Masters Realty

$3,480,000

839 W 20th Street, North Vancouver

5 Beds 7 Baths 4,736 SqFt Residential MLS® # R3044743

Sutton Group-West Coast Realty

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