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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$1,999,000

4136 Coverntry Way, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3006751

Oakwyn Realty Ltd.

$1,679,000

↓ $20,000

1500 Fern Street 103, North Vancouver

3 Beds 4 Baths 1,875 SqFt Residential MLS® # R3005341

Royal Pacific Realty (Kingsway) Ltd.

$2,580,000

4477 Primrose Lane, North Vancouver

6 Beds 4 Baths 2,877 SqFt Residential MLS® # R3004515

Homeland Realty

$3,600,000

2204 Old Dollarton Road, North Vancouver

3 Beds 2 Baths 2,150 SqFt Residential MLS® # R3006067

Royal LePage Sussex

$3,150,000

4153 Quarry Court, North Vancouver

6 Beds 5 Baths 4,299 SqFt Residential MLS® # R3003624

Royal LePage Sussex

$1,748,000

653 E 22nd Street, North Vancouver

6 Beds 2 Baths 1,600 SqFt Residential MLS® # R3004348

Royal Pacific Lions Gate Realty Ltd.

$4,998,000

↓ $191,000

2802 Panorama Drive, North Vancouver

4 Beds 4 Baths 4,203 SqFt Residential MLS® # R2993635

Royal LePage Sussex

$2,400,000

376 E 4th Street, North Vancouver

5 Beds 4 Baths 2,736 SqFt Residential MLS® # R3001546

Sutton Group - 1st West Realty

$1,749,000

↓ $50,000

2070 Curling Road 118, North Vancouver

4 Beds 3 Baths 1,866 SqFt Residential MLS® # R2997244

Sutton Group-West Coast Realty

$1,099,000

↓ $100,000

1535 St. Georges Avenue 5, North Vancouver

3 Beds 2 Baths 1,208 SqFt Residential MLS® # R3004221

Team 3000 Realty Ltd.

$1,289,000

120 W 2nd Street 502, North Vancouver

2 Beds 2 Baths 1,172 SqFt Residential MLS® # R3003186

RE/MAX Crest Realty

$1,849,000

↓ $1,000

552 W 25th Street, North Vancouver

5 Beds 4 Baths 2,471 SqFt Residential MLS® # R2983450

Team 3000 Realty Ltd.

$1,899,999

↓ $100,000

1630 Layton Drive, North Vancouver

4 Beds 3 Baths 2,603 SqFt Residential MLS® # R3000514

Macdonald Realty

$2,199,000

3001 Paisley Road, North Vancouver

5 Beds 2 Baths 1,536 SqFt Residential MLS® # R2971008

Rennie & Associates Realty Ltd.

$3,949,000

1275 W Keith Road, North Vancouver

6 Beds 4 Baths 3,496 SqFt Residential MLS® # R3001524

RE/MAX Masters Realty

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