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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$2,499,000

2411 George Street, North Vancouver

6 Beds 4 Baths 2,836 SqFt Residential MLS® # R3057971

Sutton Group - 1st West Realty

$2,490,000

2420 Edgemont Boulevard, North Vancouver

3 Beds 3 Baths 3,030 SqFt Residential MLS® # R3057959

Sutton Group-West Coast Realty

$1,988,800

628 E 7th Street, North Vancouver

3 Beds 2 Baths 1,474 SqFt Residential MLS® # R3057953

Wynn Real Estate Ltd.

$2,399,999

3041 St. Marys Avenue, North Vancouver

3 Beds 3 Baths 2,746 SqFt Residential MLS® # R3057952

Royal LePage Sussex

$1,699,000

651 Kerry Place, North Vancouver

3 Beds 1 Bath 1,445 SqFt Residential MLS® # R3057879

Oakwyn Realty Ltd.

$2,648,000

2940 Dresden Way, North Vancouver

6 Beds 5 Baths 3,810 SqFt Residential MLS® # R3057890

Sutton Group Seafair Realty

$2,488,000

1076 Clements Avenue, North Vancouver

6 Beds 4 Baths 3,312 SqFt Residential MLS® # R3057848

Macdonald Realty

$4,850,000

4120 St. Marys Avenue, North Vancouver

5 Beds 5 Baths 4,847 SqFt Residential MLS® # R3057840

RE/MAX Crest Realty

$2,485,000

308 E 9th Street, North Vancouver

5 Beds 4 Baths 2,765 SqFt Residential MLS® # R3057829

eXp Realty

$1,748,000

1174 Strathaven Drive, North Vancouver

4 Beds 4 Baths 2,668 SqFt Residential MLS® # R3057827

The Agency Vancouver

$2,098,000

1422 Kilmer Road, North Vancouver

5 Beds 3 Baths 2,466 SqFt Residential MLS® # R3040647

88West Realty

$1,479,000

422 E 3rd Street 104/204, North Vancouver

1 Bed 2 Baths 1,084 SqFt Residential MLS® # R3057607

Royal Pacific Lions Gate Realty Ltd.

$1,998,000

4524 Marineview Crescent, North Vancouver

4 Beds 3 Baths 3,054 SqFt Residential MLS® # R3057596

Orca Realty Inc.

$2,078,000

1350 Berkley Road, North Vancouver

3 Beds 2 Baths 1,718 SqFt Residential MLS® # R3057429

Rennie & Associates Realty - Jason Soprovich

$2,799,000

1095 W Keith Road, North Vancouver

6 Beds 4 Baths 3,864 SqFt Residential MLS® # R3057414

RE/MAX Results Realty

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