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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$2,050,000

↓ $75,000

4728 Underwood Avenue, North Vancouver

3 Beds 3 Baths 2,583 SqFt Residential MLS® # R3042104

Stilhavn Real Estate Services

$1,899,000

↓ $51,000

277 E Braemar Road, North Vancouver

4 Beds 4 Baths 2,568 SqFt Residential MLS® # R3042087

Royal LePage Sussex

$1,649,000

↓ $50,000

1025 Beaufort Road, North Vancouver

5 Beds 3 Baths 2,375 SqFt Residential MLS® # R3042059

Royal LePage Sussex

$2,350,000

5755 Nancy Greene Way, North Vancouver

4 Beds 4 Baths 3,873 SqFt Residential MLS® # R3042038

RA Realty Alliance Inc.

$1,598,800

↓ $100,000

1852 Appin Road, North Vancouver

5 Beds 2 Baths 2,230 SqFt Residential MLS® # R3041897

Coldwell Banker Prestige Realty

$1,850,000

3639 Aldercrest Drive 41, North Vancouver

4 Beds 4 Baths 2,287 SqFt Residential MLS® # R3041664

Babych Group Realty Vancouver Ltd.

$1,998,000

↓ $91,000

842 St. Denis Avenue, North Vancouver

3 Beds 3 Baths 1,700 SqFt Residential MLS® # R3041651

Engel & Volkers Vancouver

$2,888,000

↓ $111,000

229-231 W 15th Street, North Vancouver

10 Beds 6 Baths 4,275 SqFt Residential Income MLS® # R3041621

Real Broker

$1,215,000

↓ $33,000

177 W 3rd Street 308, North Vancouver

2 Beds 2 Baths 1,025 SqFt Residential MLS® # R3041559

1NE Collective Realty Inc.

$1,600,000

610 E 3rd Street Th6, North Vancouver

3 Beds 4 Baths 1,682 SqFt Residential MLS® # R3041498

Engel & Volkers Vancouver

$1,250,000

560 Raven Woods Drive 501, North Vancouver

2 Beds 2 Baths 1,150 SqFt Residential MLS® # R3041404

Babych Group Realty Vancouver Ltd.

$1,799,900

203 E 26th Street, North Vancouver

3 Beds 2 Baths 2,327 SqFt Residential MLS® # R3041254

Royal LePage West Real Estate Services

$1,399,800

3602 Aldercrest Drive 506, North Vancouver

3 Beds 3 Baths 1,476 SqFt Residential MLS® # R3041094

RA Realty Alliance Inc.

$2,398,000

5655 White Pine Lane, North Vancouver

5 Beds 4 Baths 3,257 SqFt Residential MLS® # R3041075

Royal Pacific Realty (Kingsway) Ltd.

$3,799,000

1075 Belvedere Drive, North Vancouver

7 Beds 7 Baths 5,120 SqFt Residential MLS® # R3040935

LeHomes Realty Premier

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