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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$1,059,000

422 E 3rd Street 455, North Vancouver

2 Beds 2 Baths 739 SqFt Residential MLS® # R3040616

Century 21 Coastal Realty Ltd.

$2,389,000

3812 Dalkeith Drive, North Vancouver

2 Beds 2 Baths 1,566 SqFt Residential MLS® # R3040877

Sutton Group-West Coast Realty

$4,988,000

687 Beachview Drive, North Vancouver

5 Beds 4 Baths 6,020 SqFt Residential MLS® # R3040802

Rennie & Associates Realty - Jason Soprovich

$1,599,000

↓ $79,000

180 W 6th Street, North Vancouver

3 Beds 4 Baths 1,943 SqFt Residential MLS® # R3040798

Sutton Group-West Coast Realty

$1,948,000

↓ $51,000

265 W 6th Street, North Vancouver

3 Beds 4 Baths 1,852 SqFt Residential MLS® # R3040571

Sutton Group-West Coast Realty

$2,650,000

472 Crestwood Avenue, North Vancouver

5 Beds 3 Baths 2,474 SqFt Residential MLS® # R3040388

Royal Pacific Realty Corp.

$3,698,000

105 W 2nd Street 512, North Vancouver

3 Beds 3 Baths 2,199 SqFt Residential MLS® # R3039963

RE/MAX Treeland Realty

$5,998,000

392 Ventura Crescent, North Vancouver

7 Beds 8 Baths 6,774 SqFt Residential MLS® # R3040346

Behroyan & Associates Real Estate Services

$2,880,000

949 Hartford Place, North Vancouver

6 Beds 5 Baths 3,529 SqFt Residential MLS® # R3040330

One Percent Realty Ltd.

$1,948,000

↓ $51,000

261 W 6th Street, North Vancouver

3 Beds 4 Baths 1,859 SqFt Residential MLS® # R3040215

Sutton Group-West Coast Realty

$1,400,000

↑ $50,000

1150 Silverwood Crescent, North Vancouver

3 Beds 1 Bath 1,299 SqFt Residential MLS® # R3040014

Sotheby's International Realty Canada

$2,950,000

452 Tempe Crescent, North Vancouver

6 Beds 6 Baths 4,073 SqFt Residential MLS® # R3039995

Engel & Volkers Vancouver

$1,198,000

1633 Tatlow Avenue 207, North Vancouver

3 Beds 2 Baths 1,424 SqFt Residential MLS® # R3039850

Royal LePage Sussex

$2,688,000

2701 St. Christophers Road, North Vancouver

6 Beds 2 Baths 2,432 SqFt Residential MLS® # R3039817

Vanak Realty

$1,168,000

↓ $32,000

560 Raven Woods Drive 301, North Vancouver

2 Beds 2 Baths 1,158 SqFt Residential MLS® # R3037823

Royal LePage - Wolstencroft

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