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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$899,000

140 E Keith Road 601, North Vancouver

2 Beds 2 Baths 958 SqFt Residential MLS® # R3054048

Royal LePage Sussex

$2,398,800

↑ $200,000

495 Crestwood Avenue, North Vancouver

3 Beds 2 Baths 1,929 SqFt Residential MLS® # R3054031

Swift Realty Ltd.

$455,000

145 St. Georges Avenue 706, North Vancouver

0 Beds 1 Bath 511 SqFt Residential MLS® # R3053915

Royal LePage Sussex

$929,900

717 Chesterfield Avenue 203, North Vancouver

2 Beds 2 Baths 991 SqFt Residential MLS® # R3053912

RE/MAX Real Estate Services

$2,998,000

4935 Cedarcrest Avenue, North Vancouver

6 Beds 6 Baths 4,706 SqFt Residential MLS® # R3053879

Royal LePage Sussex

$2,749,000

2654 Masefield Road, North Vancouver

5 Beds 4 Baths 2,439 SqFt Residential MLS® # R3053869

Stilhavn Real Estate Services

$1,699,000

422 E 3rd Street 108, North Vancouver

1 Bed 2 Baths 711 SqFt Residential MLS® # R3053849

1NE Collective Realty Inc.

$1,549,000

1550 Larkhall Crescent 50, North Vancouver

4 Beds 3 Baths 2,055 SqFt Residential MLS® # R3053787

Macdonald Realty

$998,000

151 W 2nd Street 1301, North Vancouver

2 Beds 2 Baths 870 SqFt Residential MLS® # R3053759

Orca Realty Inc.

$2,049,900

759 Morgan Road, North Vancouver

6 Beds 3 Baths 2,635 SqFt Residential MLS® # R3053739

Team 3000 Realty Ltd.

$2,495,000

518 E 7th Street, North Vancouver

6 Beds 4 Baths 3,187 SqFt Residential MLS® # R3053731

RE/MAX Masters Realty

$649,000

125 E 14th Street 610, North Vancouver

1 Bed 1 Bath 560 SqFt Residential MLS® # R3053665

Babych Group Realty Vancouver Ltd.

$2,888,000

2025 Mackay Avenue, North Vancouver

5 Beds 4 Baths 3,023 SqFt Residential MLS® # R3053630

Royal LePage Sussex

$2,795,000

658 E 3rd Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3053613

Macdonald Realty

$1,664,900

2322 Emery Court 103, North Vancouver

3 Beds 3 Baths 1,633 SqFt Residential MLS® # R3053549

Oakwyn Realty Ltd.

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