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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$2,999,000

1840 Mountain Highway, North Vancouver

3 Beds 2 Baths 2,806 SqFt Residential MLS® # R3015895

88West Realty

$2,999,000

1320 E 18th Street, North Vancouver

5 Beds 6 Baths 3,248 SqFt Residential MLS® # R3015932

88West Realty

$3,388,000

586 Silverdale Place, North Vancouver

10 Beds 7 Baths 5,263 SqFt Residential MLS® # R3015542

Multiple Realty Ltd.

$1,699,000

↓ $46,000

181 W Windsor Road, North Vancouver

3 Beds 2 Baths 1,700 SqFt Residential MLS® # R3015656

Team 3000 Realty Ltd.

$1,495,800

1295 Conifer Street Ph501, North Vancouver

2 Beds 3 Baths 1,212 SqFt Residential MLS® # R3015559

Macdonald Realty

$2,278,600

210 W 13th Street 501, North Vancouver

2 Beds 2 Baths 1,584 SqFt Residential MLS® # R3015123

Royal LePage Sussex

$1,799,000

↓ $59,000

3370 Garibaldi Drive, North Vancouver

4 Beds 3 Baths 2,045 SqFt Residential MLS® # R3014736

Sutton Group-West Coast Realty

$2,498,000

439 E 16th Street, North Vancouver

4 Beds 2 Baths 2,016 SqFt Residential MLS® # R3014778

Macdonald Realty

$1,889,000

1960 Glenaire Drive 4, North Vancouver

4 Beds 3 Baths 2,000 SqFt Residential MLS® # R3014184

Royal Pacific Realty Corp.

$3,850,000

1290 Langdale Drive, North Vancouver

6 Beds 4 Baths 4,206 SqFt Residential MLS® # R3014476

Royal Pacific Lions Gate Realty Ltd.

$2,595,000

4491 Primrose Lane, North Vancouver

5 Beds 3 Baths 2,688 SqFt Residential MLS® # R3013918

Stilhavn Real Estate Services

$1,495,000

2136 Eastern Avenue, North Vancouver

4 Beds 3 Baths 1,712 SqFt Residential MLS® # R3013438

Royal Pacific Realty Corp.

$1,295,000

↓ $54,000

185 Victory Ship Way 708, North Vancouver

2 Beds 2 Baths 867 SqFt Residential MLS® # R3013516

Rennie & Associates Realty Ltd.

$1,280,000

824 Indian Arm, North Vancouver

3 Beds 3 Baths 1,349 SqFt Residential MLS® # R3012588

Nu Stream Realty Inc.

$1,148,000

100 E Esplanade Street 409, North Vancouver

2 Beds 2 Baths 1,025 SqFt Residential MLS® # R3011552

Royal Pacific Lions Gate Realty Ltd.

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