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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$1,619,900

135 E 13th Street 302, North Vancouver

2 Beds 2 Baths 1,130 SqFt Residential MLS® # R3025545

Magnum Projects Ltd.

$1,339,900

135 E 13th Street 901, North Vancouver

2 Beds 2 Baths 880 SqFt Residential MLS® # R3025540

Magnum Projects Ltd.

$2,250,000

706 Blueridge Avenue, North Vancouver

3 Beds 2 Baths 2,032 SqFt Residential MLS® # R3025520

VIRANI REAL ESTATE ADVISORS

$1,999,999

↓ $29,001

3338 Mahon Avenue, North Vancouver

3 Beds 4 Baths 3,045 SqFt Residential MLS® # R3024984

Royal LePage Sussex

$3,758,000

↓ $140,000

135 E 13th Street 1602, North Vancouver

3 Beds 4 Baths 1,662 SqFt Residential MLS® # R3024910

Sutton Group-West Coast Realty

$1,449,800

135 E 13th Street 408, North Vancouver

2 Beds 2 Baths 852 SqFt Residential MLS® # R3024878

Sincere Real Estate Services

$3,950,000

↓ $249,000

105 Monte Vista Court, North Vancouver

6 Beds 6 Baths 4,933 SqFt Residential MLS® # R3024247

RE/MAX Masters Realty

$4,750,000

3850 St. Marys Avenue, North Vancouver

6 Beds 6 Baths 5,965 SqFt Residential MLS® # R3024037

Stilhavn Real Estate Services

$2,599,000

229 E 22nd Street, North Vancouver

5 Beds 4 Baths 2,612 SqFt Residential MLS® # R3023823

Skyline West Realty

$1,590,000

↓ $100,000

135 13th Street 1006, North Vancouver

2 Beds 2 Baths 983 SqFt Residential MLS® # R3023711

Sutton Group-West Coast Realty

$1,375,000

1500 Fern Street 610, North Vancouver

3 Beds 3 Baths 1,311 SqFt Residential MLS® # R3023567

Oakwyn Realty Ltd.

$1,529,900

632 E 3rd Street 6, North Vancouver

3 Beds 4 Baths 1,550 SqFt Residential MLS® # R3023534

RE/MAX City Realty

$4,499,999

4500 Canterbury Crescent, North Vancouver

5 Beds 6 Baths 5,386 SqFt Residential MLS® # R3023156

RE/MAX Masters Realty

$1,750,000

↓ $34,900

828 Nicolum Court, North Vancouver

4 Beds 2 Baths 1,811 SqFt Residential MLS® # R3022444

Royal Lepage Wheeler Cheam

$2,688,000

↓ $107,000

530 E Queens Road, North Vancouver

5 Beds 4 Baths 3,699 SqFt Residential MLS® # R3022382

Nexus Realty Corp.

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