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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$1,380,000

↓ $89,000

2035 Glenaire Drive 247, North Vancouver

3 Beds 3 Baths 1,382 SqFt Residential MLS® # R3031375

HouseSigma Inc.

$1,389,900

↓ $9,100

1500 Fern Street 3006, North Vancouver

2 Beds 2 Baths 1,075 SqFt Residential MLS® # R3031344

Macdonald Realty

$1,549,000

177 W 3rd Street 504, North Vancouver

2 Beds 2 Baths 1,287 SqFt Residential MLS® # R3031347

Royal LePage Sussex

$3,198,000

↓ $400,000

284 Sandringham Crescent, North Vancouver

3 Beds 4 Baths 3,616 SqFt Residential MLS® # R3030731

Sotheby's International Realty Canada

$1,580,000

135 E 13th Street 1306, North Vancouver

2 Beds 2 Baths 950 SqFt Residential MLS® # R3030529

Sincere Real Estate Services

$2,298,000

↓ $100,000

3512 Calder Avenue, North Vancouver

4 Beds 5 Baths 3,175 SqFt Residential MLS® # R3030519

Royal LePage Sussex - John Jennings

$3,888,000

732 E 11th Street, North Vancouver

6 Beds 7 Baths 4,620 SqFt Residential MLS® # R3030492

VIRANI REAL ESTATE ADVISORS

$2,088,000

4676 Capilano Road, North Vancouver

3 Beds 4 Baths 2,261 SqFt Residential MLS® # R3030425

RE/MAX Crest Realty

$1,999,500

135 E 17th Street 2002, North Vancouver

3 Beds 3 Baths 1,284 SqFt Residential MLS® # R3030403

Bodewell Realty Inc.

$4,898,000

2724 Panorama Drive, North Vancouver

3 Beds 3 Baths 6,723 SqFt Residential MLS® # R3029858

Royal LePage Sussex

$5,499,000

5577 Indian River Drive, North Vancouver

6 Beds 4 Baths 4,074 SqFt Residential MLS® # R3029725

Royal LePage Sussex

$1,895,000

↓ $55,000

1228 Adderley Street, North Vancouver

4 Beds 4 Baths 3,299 SqFt Residential MLS® # R3029587

Royal LePage Sussex

$1,095,000

188 E Esplanade 2107, North Vancouver

2 Beds 2 Baths 952 SqFt Residential MLS® # R3029488

Sutton Group-West Coast Realty

$1,899,000

1717 Tatlow Avenue, North Vancouver

6 Beds 4 Baths 2,383 SqFt Residential MLS® # R3029381

Royal Pacific Realty Corp.

$4,998,000

2809 Edgemont Boulevard, North Vancouver

5 Beds 7 Baths 5,037 SqFt Residential MLS® # R3029195

RE/MAX Masters Realty

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