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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$1,898,000

368 E Kings Road, North Vancouver

3 Beds 4 Baths 3,488 SqFt Residential MLS® # R3039320

Royal LePage Sussex - Al Sutton

$2,099,000

↓ $100,000

893 Huntingdon Crescent, North Vancouver

5 Beds 3 Baths 2,391 SqFt Residential MLS® # R3039269

Sutton Group-West Coast Realty

$1,499,998

1135 Heritage Boulevard, North Vancouver

5 Beds 4 Baths 2,575 SqFt Residential MLS® # R3039094

Sutton Group-West Coast Realty

$2,988,000

648 E 3rd Street, North Vancouver

7 Beds 5 Baths 3,075 SqFt Residential MLS® # R3038610

Royal Regal Realty Ltd.

$1,419,000

2994 Mt Seymour Parkway, North Vancouver

4 Beds 4 Baths 2,159 SqFt Residential MLS® # R3038957

Stonehaus Realty Corp.

$3,380,000

4061 St. Pauls Avenue, North Vancouver

4 Beds 6 Baths 3,690 SqFt Residential MLS® # R3038823

Sutton Group-West Coast Realty

$1,599,000

720 E 3rd Street 35, North Vancouver

3 Beds 4 Baths 1,885 SqFt Residential MLS® # R3038817

Royal LePage Sussex

$1,498,000

↓ $82,000

1706 Deep Cove Road, North Vancouver

4 Beds 2 Baths 1,874 SqFt Residential MLS® # R3038426

Sutton Group-West Coast Realty

$1,249,000

1500 Fern Street 304, North Vancouver

2 Beds 2 Baths 1,240 SqFt Residential MLS® # R3038206

Sincere Real Estate Services

$2,650,000

870 Browning Place, North Vancouver

6 Beds 6 Baths 4,030 SqFt Residential MLS® # R3038131

Royal LePage Sussex

$1,990,000

↓ $100,000

4577 Meadowbank Close, North Vancouver

4 Beds 3 Baths 2,407 SqFt Residential MLS® # R3038123

Royal LePage Sussex

$1,838,888

↓ $61,012

865 E 12th Street, North Vancouver

4 Beds 2 Baths 2,091 SqFt Residential MLS® # R3037890

Real Broker

$3,399,000

4106 Canterbury Crescent, North Vancouver

4 Beds 3 Baths 3,001 SqFt Residential MLS® # R3010870

Royal LePage Sussex

$1,099,000

433 E 3rd Street 103a, North Vancouver

2 Beds 2 Baths 1,150 SqFt Residential MLS® # R3037525

RE/MAX Crest Realty

$3,369,000

986 Tudor Avenue, North Vancouver

4 Beds 3 Baths 2,900 SqFt Residential MLS® # R3037369

Oakwyn Realty Ltd.

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