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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$1,299,000

112 E 13th Street 1006, North Vancouver

2 Beds 2 Baths 1,084 SqFt Residential MLS® # R3055923

Oakwyn Realty Ltd.

$699,900

124 W 3rd Street 301, North Vancouver

1 Bed 1 Bath 692 SqFt Residential MLS® # R3055894

Oakwyn Realty Ltd.

$2,149,000

2212 St. Georges Avenue, North Vancouver

3 Beds 2 Baths 1,835 SqFt Residential MLS® # R3055877

RE/MAX Crest Realty

$2,275,000

445 W 26th Street, North Vancouver

4 Beds 3 Baths 2,752 SqFt Residential MLS® # R3055844

Royal LePage Sussex

$3,499,000

1488 Berkley Road, North Vancouver

4 Beds 3 Baths 4,168 SqFt Residential MLS® # R3055815

Royal LePage Sussex

$2,799,000

2958 Mahon Avenue, North Vancouver

6 Beds 4 Baths 3,664 SqFt Residential MLS® # R3055806

Bellevue Realty Group

$664,900

111 E 3rd Street 414, North Vancouver

1 Bed 1 Bath 626 SqFt Residential MLS® # R3055798

Oakwyn Realty Ltd.

$539,900

2008 Fullerton Avenue 407, North Vancouver

2 Beds 1 Bath 761 SqFt Residential MLS® # R3051256

88West Realty

$2,199,500

338 E Osborne Road, North Vancouver

3 Beds 2 Baths 1,751 SqFt Residential MLS® # R3055725

Royal LePage Sussex

$818,000

719 W 3rd Street 412, North Vancouver

2 Beds 2 Baths 804 SqFt Residential MLS® # R3055731

Royal LePage Sussex

$660,000

172 Victory Ship Way 603, North Vancouver

1 Bed 1 Bath 586 SqFt Residential MLS® # R3055745

RE/MAX Crest Realty

$869,000

1679 Lloyd Street 409, North Vancouver

2 Beds 2 Baths 934 SqFt Residential MLS® # R3055670

Engel & Volkers Vancouver

$1,099,000

↓ $30,000

3132 Lonsdale Avenue, North Vancouver

3 Beds 2 Baths 1,545 SqFt Residential MLS® # R3055634

RE/MAX Crest Realty

$549,000

2004 Fullerton Avenue 1008, North Vancouver

2 Beds 1 Bath 872 SqFt Residential MLS® # R3055556

Bellevue Realty Group

$499,000

2004 Fullerton Avenue 905, North Vancouver

2 Beds 1 Bath 767 SqFt Residential MLS® # R3055555

Bellevue Realty Group

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