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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$1,690,000

↓ $60,000

1412 Hope Road, North Vancouver

4 Beds 2 Baths 1,525 SqFt Residential MLS® # R3044735

Oakwyn Realty Ltd.

$2,598,000

↓ $100,000

935 Beaconsfield Road, North Vancouver

6 Beds 3 Baths 2,978 SqFt Residential MLS® # R3044666

Babych Group Realty Vancouver Ltd.

$2,089,000

↓ $60,000

1433 Doran Road, North Vancouver

5 Beds 3 Baths 2,248 SqFt Residential MLS® # R3044673

RE/MAX Crest Realty

$1,499,000

4150 Dollarton Highway, North Vancouver

2 Beds 1 Bath 892 SqFt Residential MLS® # R3044623

Macdonald Realty

$1,949,000

843 Whitchurch Street, North Vancouver

5 Beds 3 Baths 2,646 SqFt Residential MLS® # R3044604

Oracle Realty Ltd.

$1,980,000

1500 Fern Street 2604, North Vancouver

3 Beds 3 Baths 1,373 SqFt Residential MLS® # R3044596

Team 3000 Realty Ltd.

$4,750,000

5439 Indian River Drive, North Vancouver

4 Beds 3 Baths 3,388 SqFt Residential MLS® # R3044418

Royal LePage Sussex

$1,988,000

2425 Edgemont Boulevard 11, North Vancouver

3 Beds 2 Baths 2,442 SqFt Residential MLS® # R3044163

RE/MAX Masters Realty

$2,299,000

442 Monteray Avenue, North Vancouver

3 Beds 2 Baths 2,244 SqFt Residential MLS® # R3044026

Engel & Volkers Vancouver

$2,574,000

349 E 24th Street, North Vancouver

4 Beds 3 Baths 2,537 SqFt Residential MLS® # R3044014

Oakwyn Realty Ltd.

$1,929,000

344 E 17th Street, North Vancouver

4 Beds 4 Baths 1,843 SqFt Residential MLS® # R3043992

RE/MAX Crest Realty

$1,089,000

119 W 22nd Street 116, North Vancouver

2 Beds 2 Baths 1,045 SqFt Residential MLS® # R3043930

RE/MAX Masters Realty

$1,885,000

1728 Westover Road, North Vancouver

4 Beds 3 Baths 2,915 SqFt Residential MLS® # R3043949

Sutton Group-West Coast Realty

$3,348,000

338 W 24th Street, North Vancouver

6 Beds 6 Baths 4,268 SqFt Residential MLS® # R3043820

Oakwyn Realty Ltd.

$1,198,000

↓ $31,000

650 Roche Point Drive 52, North Vancouver

2 Beds 3 Baths 1,309 SqFt Residential MLS® # R3043773

Macdonald Realty

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