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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$1,799,000

↓ $100,000

950 Roche Point Drive, North Vancouver

4 Beds 3 Baths 2,078 SqFt Residential MLS® # R3054425

Oakwyn Realty Ltd.

$600,000

960 Lynn Valley Road 416, North Vancouver

2 Beds 1 Bath 796 SqFt Residential MLS® # R3054410

RE/MAX Masters Realty

$769,000

725 Marine Drive 519, North Vancouver

2 Beds 2 Baths 856 SqFt Residential MLS® # R3054387

RE/MAX Crest Realty

$949,800

2651 Library Lane 508, North Vancouver

2 Beds 2 Baths 896 SqFt Residential MLS® # R3054399

RE/MAX Crest Realty

$1,190,000

680 Seylynn Crescent 2801, North Vancouver

2 Beds 2 Baths 1,022 SqFt Residential MLS® # R3054374

Rennie & Associates Realty Ltd.

$1,988,000

175 Victory Ship Way 105, North Vancouver

2 Beds 3 Baths 1,536 SqFt Residential MLS® # R3030495

Royal LePage Sussex Pigott Properties

$2,398,000

873 Baycrest Drive, North Vancouver

3 Beds 2 Baths 2,012 SqFt Residential MLS® # R3054307

Nu Stream Realty Inc.

$2,198,000

1072 Clements Avenue, North Vancouver

4 Beds 3 Baths 3,388 SqFt Residential MLS® # R3054243

Macdonald Realty

$838,000

1150 Lynn Valley Road 206, North Vancouver

1 Bed 2 Baths 1,144 SqFt Residential MLS® # R3054230

Multiple Realty Ltd.

$2,678,000

3681 Henderson Avenue, North Vancouver

8 Beds 7 Baths 4,293 SqFt Residential MLS® # R3054242

RE/MAX Select Properties

$2,789,000

318 Roche Point Drive, North Vancouver

7 Beds 4 Baths 4,640 SqFt Residential MLS® # R3054212

RE/MAX Crest Realty

$469,000

212 Forbes Avenue 304, North Vancouver

1 Bed 1 Bath 662 SqFt Residential MLS® # R3054131

Oakwyn Realty Ltd.

$2,325,000

780 E 16th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3054145

Royal LePage Sussex

$938,000

1555 Eastern Avenue 1504, North Vancouver

2 Beds 2 Baths 993 SqFt Residential MLS® # R3054045

Royal LePage Sussex

$1,649,900

2320 Emery Court 106, North Vancouver

3 Beds 3 Baths 1,612 SqFt Residential MLS® # R3054053

Sutton Group-West Coast Realty

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