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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$1,848,000

1915 Chesterfield Avenue, North Vancouver

3 Beds 3 Baths 2,287 SqFt Residential MLS® # R3042793

Royal LePage Sussex

$2,698,000

271 Montroyal Boulevard, North Vancouver

5 Beds 4 Baths 3,506 SqFt Residential MLS® # R3042731

Royal LePage Sussex

$2,888,800

3945 Braemar Place, North Vancouver

6 Beds 5 Baths 5,114 SqFt Residential MLS® # R3042672

Sincere Real Estate Services

$1,099,000

995 Roche Point Drive 406, North Vancouver

2 Beds 2 Baths 1,198 SqFt Residential MLS® # R3042651

Sutton Group-West Coast Realty

$2,480,000

950 Seymour Boulevard, North Vancouver

3 Beds 3 Baths 2,433 SqFt Residential MLS® # R3041738

Sutton Group-West Coast Realty (Surrey/24)

$2,349,000

↓ $150,000

346 E 5th Street, North Vancouver

6 Beds 4 Baths 3,571 SqFt Residential MLS® # R3042596

Babych Group Realty Vancouver Ltd.

$1,925,000

3875 Regent Avenue, North Vancouver

4 Beds 3 Baths 2,538 SqFt Residential MLS® # R3042580

Stilhavn Real Estate Services

$2,349,000

↓ $150,000

346 E 5th Street, North Vancouver

6 Beds 4 Baths 3,571 SqFt Residential MLS® # R3042588

Babych Group Realty Vancouver Ltd.

$3,800,000

120 W 2nd Street 2901, North Vancouver

3 Beds 3 Baths 2,328 SqFt Residential MLS® # R3042571

Rennie & Associates Realty Ltd.

$1,699,000

1685 Hope Road, North Vancouver

3 Beds 3 Baths 1,757 SqFt Residential MLS® # R3042500

Orca Realty Inc.

$4,699,000

4885 Cove Cliff Place, North Vancouver

4 Beds 4 Baths 3,234 SqFt Residential MLS® # R3042212

Nu Stream Realty Inc.

$2,999,999

↓ $49,001

4062 Norwood Avenue, North Vancouver

5 Beds 4 Baths 3,747 SqFt Residential MLS® # R3042180

RE/MAX Select Properties

$2,099,000

185 Victory Ship Way 501, North Vancouver

2 Beds 3 Baths 1,474 SqFt Residential MLS® # R3042113

RE/MAX Crest Realty

$1,149,800

↓ $24,200

1910 Cedar Village Crescent 49, North Vancouver

4 Beds 2 Baths 1,787 SqFt Residential MLS® # R3042126

Macdonald Realty Westmar

$1,025,000

↓ $50,000

747 E 3rd Street 312, North Vancouver

2 Beds 2 Baths 1,060 SqFt Residential MLS® # R3042122

Stilhavn Real Estate Services

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