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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$1,598,000

↓ $27,000

933 Premier Street 11, North Vancouver

4 Beds 3 Baths 1,608 SqFt Residential MLS® # R3035390

Sincere Real Estate Services

$1,648,888

1287 W 15th Street, North Vancouver

3 Beds 2 Baths 1,307 SqFt Residential MLS® # R3035247

Royal Pacific Lions Gate Realty Ltd.

$1,295,000

↓ $55,000

136 W 4th Street D, North Vancouver

3 Beds 2 Baths 1,418 SqFt Residential MLS® # R3034952

Macdonald Realty

$1,799,900

↓ $49,100

2027 Kirkstone Road, North Vancouver

3 Beds 3 Baths 2,805 SqFt Residential MLS® # R3034729

Macdonald Realty Westmar

$1,899,000

1401 Hunter Street 2702, North Vancouver

2 Beds 3 Baths 1,387 SqFt Residential MLS® # R3034604

Royal LePage Sussex

$1,699,000

235 W 19th Street, North Vancouver

3 Beds 3 Baths 1,583 SqFt Residential MLS® # R3034450

Oakwyn Realty Ltd.

$1,118,000

111 E 13th Street 505, North Vancouver

2 Beds 2 Baths 944 SqFt Residential MLS® # R3034373

Rossetti Realty Ltd.

$3,788,000

1028 Calverhall Street, North Vancouver

7 Beds 6 Baths 4,449 SqFt Residential MLS® # R3034369

Royal LePage Sussex - Al Sutton

$1,050,000

↓ $49,000

707 E 3rd Street 208, North Vancouver

2 Beds 2 Baths 948 SqFt Residential MLS® # R3034207

Macdonald Realty

$2,158,000

320 E Keith Road, North Vancouver

4 Beds 4 Baths 2,488 SqFt Residential MLS® # R3034204

YVR International Realty

$1,899,000

2137 Chesterfield Avenue Th5, North Vancouver

4 Beds 3 Baths 1,735 SqFt Residential MLS® # R3034127

Stilhavn Real Estate Services

$2,599,000

894 E 13th Street, North Vancouver

4 Beds 2 Baths 2,153 SqFt Residential MLS® # R3033549

RE/MAX Masters Realty

$1,598,000

341 W 19th Street, North Vancouver

2 Beds 1 Bath 1,783 SqFt Residential MLS® # R3033399

VIRANI REAL ESTATE ADVISORS

$3,790,000

1197 Tall Tree Lane, North Vancouver

4 Beds 3 Baths 2,858 SqFt Residential MLS® # R3033395

Bellevue Realty Group

$1,898,000

3003 Sunnyhurst Road, North Vancouver

5 Beds 3 Baths 2,519 SqFt Residential MLS® # R3033370

Royal Pacific Realty (Kingsway) Ltd.

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