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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1632 Lions Gate Lane 2201, North Vancouver

$3,290,000

1632 Lions Gate Lane 2201, North Vancouver

3 Beds 4 Baths 2,547 SqFt Residential MLS® # R3043739

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

1500 Fern Street 107, North Vancouver

$1,399,800

1500 Fern Street 107, North Vancouver

3 Beds 3 Baths 1,625 SqFt Residential MLS® # R3043741

RE/MAX Masters RealtyReal Estate Board of Greater Vancouver Logo

887 E 17th Street, North Vancouver

$2,399,000

887 E 17th Street, North Vancouver

5 Beds 3 Baths 3,226 SqFt Residential MLS® # R3043654

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

342 Mountain Highway 311, North Vancouver

$1,439,900

342 Mountain Highway 311, North Vancouver

3 Beds 4 Baths 1,330 SqFt Residential MLS® # R3043652

Key MarketingReal Estate Board of Greater Vancouver Logo

342 Mountain Highway 112, North Vancouver

$1,349,900

342 Mountain Highway 112, North Vancouver

3 Beds 3 Baths 1,202 SqFt Residential MLS® # R3043636

Key MarketingReal Estate Board of Greater Vancouver Logo

120 W 2nd Street 2203, North Vancouver

$1,389,000

↓ $110,000

120 W 2nd Street 2203, North Vancouver

2 Beds 2 Baths 1,140 SqFt Residential MLS® # R3043621

Macdonald RealtyReal Estate Board of Greater Vancouver Logo

3634 Garibaldi Drive 5, North Vancouver

$1,575,000

3634 Garibaldi Drive 5, North Vancouver

3 Beds 3 Baths 2,106 SqFt Residential MLS® # R3043561

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

939 Friar Crescent, North Vancouver

$3,998,000

939 Friar Crescent, North Vancouver

4 Beds 3 Baths 3,425 SqFt Residential MLS® # R3043512

RE/MAX Select PropertiesReal Estate Board of Greater Vancouver Logo

4793 Capilano Road, North Vancouver

$2,650,000

4793 Capilano Road, North Vancouver

6 Beds 4 Baths 2,936 SqFt Residential MLS® # R3043497

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

2780 Valley Centre Avenue 609, North Vancouver

$1,248,000

2780 Valley Centre Avenue 609, North Vancouver

2 Beds 2 Baths 1,015 SqFt Residential MLS® # R3043474

RE/MAX Masters RealtyReal Estate Board of Greater Vancouver Logo

3690 Banff Court 212, North Vancouver

$1,179,000

3690 Banff Court 212, North Vancouver

2 Beds 2 Baths 1,525 SqFt Residential MLS® # R3043253

Royal LePage Sussex Pigott PropertiesReal Estate Board of Greater Vancouver Logo

2488 Belloc Street, North Vancouver

$2,525,000

2488 Belloc Street, North Vancouver

4 Beds 3 Baths 2,618 SqFt Residential MLS® # R3043188

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

3772 Dollarton Highway, North Vancouver

$1,888,888

3772 Dollarton Highway, North Vancouver

4 Beds 3 Baths 2,652 SqFt Residential MLS® # R3042049

Century 21 Creekside Realty (Luckakuck)Real Estate Board of Greater Vancouver Logo

880 W 19th Street, North Vancouver

$2,499,000

880 W 19th Street, North Vancouver

4 Beds 3 Baths 2,506 SqFt Residential MLS® # R3042822

Keller Williams Ocean Realty VanCentralReal Estate Board of Greater Vancouver Logo

2678 Ailsa Crescent, North Vancouver

$2,799,000

↓ $51,000

2678 Ailsa Crescent, North Vancouver

4 Beds 3 Baths 2,674 SqFt Residential MLS® # R3042815

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo


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