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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New

$1,889,000

1400 Riverside Drive, North Vancouver

4 Beds 4 Baths 2,636 SqFt Residential MLS® # R3060136

Oakwyn Realty Ltd.

New

$1,855,000

2174 Hoskins Road, North Vancouver

4 Beds 3 Baths 2,219 SqFt Residential MLS® # R3060134

Oakwyn Realty Ltd.

New

$2,298,000

234 W Windsor Road, North Vancouver

5 Beds 2 Baths 2,236 SqFt Residential MLS® # R3060018

Rossetti Realty Ltd.

New

$1,129,000

108 E 8th Street Th8, North Vancouver

2 Beds 3 Baths 1,041 SqFt Residential MLS® # R3060016

Oakwyn Realty Ltd.

New

$2,298,000

815 E 29th Street, North Vancouver

3 Beds 4 Baths 3,223 SqFt Residential MLS® # R3059960

Royal LePage Sussex

New

$1,749,800

1232 W 21st Street, North Vancouver

4 Beds 3 Baths 2,146 SqFt Residential MLS® # R3059956

Babych Group Realty Vancouver Ltd.

New

$1,075,000

128 E 8th Street 309, North Vancouver

2 Beds 2 Baths 938 SqFt Residential MLS® # R3059902

Sutton Group-West Coast Realty

New

$1,999,000

562 Alpine Court, North Vancouver

4 Beds 4 Baths 2,782 SqFt Residential MLS® # R3059877

RE/MAX City Realty

$1,349,000

123 W 1st Street 312, North Vancouver

2 Beds 2 Baths 1,203 SqFt Residential MLS® # R3059775

RE/MAX Masters Realty

$1,299,900

332 St. Patricks Avenue, North Vancouver

3 Beds 3 Baths 1,502 SqFt Residential MLS® # R3059772

2 Percent Realty West Coast

$1,788,000

346 W 14th Street, North Vancouver

3 Beds 3 Baths 1,832 SqFt Residential MLS® # R3059662

Stilhavn Real Estate Services

$1,699,000

↑ $70,000

1401 Hunter Street 2602, North Vancouver

2 Beds 3 Baths 1,272 SqFt Residential MLS® # R3059640

Oakwyn Realty Ltd.

$2,088,000

324 E 24th Street, North Vancouver

6 Beds 4 Baths 3,004 SqFt Residential MLS® # R3059574

RE/MAX Crest Realty

$1,098,900

900 W 17th Street 3, North Vancouver

3 Beds 2 Baths 1,176 SqFt Residential MLS® # R3059536

RE/MAX Crest Realty

$1,488,000

999 Berkley Road 311, North Vancouver

2 Beds 3 Baths 2,655 SqFt Residential MLS® # R3059508

Rennie & Associates Realty - Jason Soprovich

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