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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$2,399,000

3638 Maginnis Avenue, North Vancouver

5 Beds 3 Baths 2,123 SqFt Residential MLS® # R3058342

RE/MAX Crest Realty

$1,499,000

1118 Cloverley Street, North Vancouver

3 Beds 2 Baths 1,910 SqFt Residential MLS® # R3058315

Sutton Group-West Coast Realty

$848,000

123 E 6th Street 303, North Vancouver

2 Beds 2 Baths 975 SqFt Residential MLS® # R3058242

Royal LePage Sussex - Edmonds Advantage

$1,699,000

2070 Curling Road 134, North Vancouver

4 Beds 3 Baths 1,660 SqFt Residential MLS® # R3058241

Oakwyn Realty Ltd.

$3,578,000

517 Granada Crescent, North Vancouver

8 Beds 6 Baths 4,755 SqFt Residential MLS® # R3058230

Royal Pacific Lions Gate Realty Ltd.

$610,000

1401 Hunter Street 602, North Vancouver

1 Bed 1 Bath 550 SqFt Residential MLS® # R3058207

88West Realty

$859,000

108 W Esplanade Avenue 411, North Vancouver

2 Beds 2 Baths 919 SqFt Residential MLS® # R3058187

RE/MAX Masters Realty

$1,300,000

1233 W 16th Street 2, North Vancouver

3 Beds 3 Baths 1,398 SqFt Residential MLS® # R3058195

RE/MAX Masters Realty

$1,449,000

1133 E 29th Street Th D, North Vancouver

3 Beds 4 Baths 3,257 SqFt Residential MLS® # R3058122

Stilhavn Real Estate Services

$3,999,000

745 Grand Boulevard, North Vancouver

6 Beds 6 Baths 5,095 SqFt Residential MLS® # R3058114

Angell, Hasman & Associates Realty Ltd.

$529,000

3608 Deercrest Drive 210, North Vancouver

1 Bed 1 Bath 648 SqFt Residential MLS® # R3058090

Royal LePage Sussex Pigott Properties

$1,224,900

1500 Fern Street 706, North Vancouver

2 Beds 2 Baths 1,105 SqFt Residential MLS® # R3058073

Macdonald Realty

$1,099,000

1131 Lillooet Road, North Vancouver

3 Beds 3 Baths 1,880 SqFt Residential MLS® # R3058014

Royal LePage Sussex

$1,899,900

814 Plymouth Drive, North Vancouver

4 Beds 2 Baths 1,963 SqFt Residential MLS® # R3058009

Royal LePage Sussex

$2,499,000

2411 George Street, North Vancouver

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

Sutton Group - 1st West Realty

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