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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$1,779,000

188 Chesterfield Avenue, North Vancouver

3 Beds 3 Baths 1,989 SqFt Residential MLS® # R3058934

Stilhavn Real Estate Services

$1,499,000

3920 Indian River Drive, North Vancouver

3 Beds 4 Baths 1,760 SqFt Residential MLS® # R3058857

RE/MAX All Points Realty

$1,599,800

1205 Harold Road 102, North Vancouver

2 Beds 3 Baths 1,596 SqFt Residential MLS® # R3058878

FaithWilson Christies International Real Estate

$1,399,000

3939 Indian River Drive 63, North Vancouver

3 Beds 3 Baths 2,102 SqFt Residential MLS® # R3058873

RE/MAX Select Realty

$1,249,000

2135 Heritage Park Lane 207, North Vancouver

3 Beds 3 Baths 1,377 SqFt Residential MLS® # R3058869

Century 21 In Town Realty

$1,699,000

333 E Keith Road, North Vancouver

4 Beds 4 Baths 1,979 SqFt Residential MLS® # R3058381

Rennie & Associates Realty Ltd.

$4,888,000

939 Forest Hills Drive, North Vancouver

6 Beds 7 Baths 5,367 SqFt Residential MLS® # R3058805

The Agency Vancouver

$2,098,000

1430 Draycott Road, North Vancouver

5 Beds 3 Baths 2,297 SqFt Residential MLS® # R3058780

Keller Williams Ocean Realty

$1,298,000

199 Victory Ship Way 104, North Vancouver

2 Beds 2 Baths 939 SqFt Residential MLS® # R3058749

Bellevue Realty Group

$1,799,900

262 E 10th Street, North Vancouver

3 Beds 3 Baths 1,616 SqFt Residential MLS® # R3058723

Royal LePage Sussex

$1,998,000

799 Plymouth Drive, North Vancouver

5 Beds 2 Baths 2,400 SqFt Residential MLS® # R3058684

Royal LePage Sussex

$1,258,000

1061 Gladwin Drive, North Vancouver

3 Beds 2 Baths 1,496 SqFt Residential MLS® # R3058666

Royal LePage Sussex - Al Sutton

$2,299,000

728 E 6th Street, North Vancouver

4 Beds 2 Baths 2,044 SqFt Residential MLS® # R3058638

Oakwyn Realty Ltd.

$1,898,800

1928 Glenaire Drive 10, North Vancouver

2 Beds 4 Baths 1,944 SqFt Residential MLS® # R3058633

Royal Pacific Lions Gate Realty Ltd.

$1,699,000

2984 Plymouth Drive, North Vancouver

5 Beds 3 Baths 2,534 SqFt Residential MLS® # R3058556

Sutton Group-West Coast Realty

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