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

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$859,000

230 W 14th Street 24, North Vancouver

2 Beds 1 Bath 929 SqFt Residential MLS® # R3058643

Stilhavn Real Estate Services

$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.

$950,000

106 W Kings Road 301, North Vancouver

2 Beds 2 Baths 1,159 SqFt Residential MLS® # R3058624

Stonehaus Realty Corp.

$635,000

1330 Marine Drive 215, North Vancouver

1 Bed 1 Bath 655 SqFt Residential MLS® # R3058587

Stilhavn Real Estate Services

$585,000

141 W 13th Street 209, North Vancouver

1 Bed 1 Bath 711 SqFt Residential MLS® # R3058581

Stilhavn Real Estate Services

$1,699,000

2984 Plymouth Drive, North Vancouver

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

Sutton Group-West Coast Realty

$649,000

444 Lonsdale Avenue 1202, North Vancouver

1 Bed 1 Bath 690 SqFt Residential MLS® # R3058542

Stilhavn Real Estate Services

$569,000

2004 Fullerton Avenue 807, North Vancouver

2 Beds 1 Bath 761 SqFt Residential MLS® # R3058481

Royal LePage Sussex

$1,799,900

545 W 22nd Street, North Vancouver

4 Beds 2 Baths 2,642 SqFt Residential MLS® # R3058459

Oakwyn Realty Ltd.

$1,925,000

1231 Cloverley Street, North Vancouver

5 Beds 3 Baths 2,540 SqFt Residential MLS® # R3058441

Macdonald Realty

$1,099,000

900 W 17th Street 31, North Vancouver

3 Beds 2 Baths 1,223 SqFt Residential MLS® # R3058430

Stilhavn Real Estate Services

$1,418,800

3596 Salal Drive 40, North Vancouver

3 Beds 3 Baths 1,640 SqFt Residential MLS® # R3058433

Stilhavn Real Estate Services

$2,399,000

563 E 6th Street, North Vancouver

6 Beds 4 Baths 2,867 SqFt Residential MLS® # R3058364

RE/MAX Crest Realty

$899,000

1327 E Keith Road 803, North Vancouver

2 Beds 2 Baths 1,165 SqFt Residential MLS® # R3058348

Royal LePage Sussex

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