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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$2,198,000

1023 Arlington Crescent, North Vancouver

4 Beds 2 Baths 2,196 SqFt Residential MLS® # R3053514

Rennie & Associates Realty Ltd.

$1,199,000

118 Carrie Cates Court 707, North Vancouver

2 Beds 2 Baths 838 SqFt Residential MLS® # R3053539

Oakwyn Realty Ltd.

$1,086,000

1295 Conifer Street 205, North Vancouver

2 Beds 2 Baths 918 SqFt Residential MLS® # R3053494

Sutton Group - 1st West Realty

$850,000

↓ $48,000

111 E 3rd Street 212, North Vancouver

2 Beds 2 Baths 808 SqFt Residential MLS® # R3053481

Babych Group Realty Vancouver Ltd.

$1,998,000

1330 W 15th Street, North Vancouver

4 Beds 3 Baths 1,816 SqFt Residential MLS® # R3053479

Sutton Group-West Coast Realty

$2,699,000

3761 Edgemont Boulevard, North Vancouver

4 Beds 4 Baths 2,968 SqFt Residential MLS® # R3053454

Oakwyn Realty Ltd.

$519,000

1385 Draycott Road 306, North Vancouver

1 Bed 1 Bath 775 SqFt Residential MLS® # R3053377

eXp Realty

$1,399,000

550 Browning Place 25, North Vancouver

3 Beds 2 Baths 1,577 SqFt Residential MLS® # R3053358

One Percent Realty Ltd.

$1,885,900

1057 Montroyal Boulevard, North Vancouver

4 Beds 2 Baths 2,125 SqFt Residential MLS® # R3053280

RE/MAX Masters Realty

$678,000

3594 Malsum Drive 422, North Vancouver

1 Bed 1 Bath 672 SqFt Residential MLS® # R3053243

Macdonald Realty

$1,298,000

422 E 3rd Street 509, North Vancouver

3 Beds 2 Baths 986 SqFt Residential MLS® # R3053227

eXp Realty

$619,900

↓ $20,100

733 W 14th Street 212, North Vancouver

1 Bed 1 Bath 660 SqFt Residential MLS® # R3053195

Stilhavn Real Estate Services

$919,000

128 E 8th Street 404, North Vancouver

2 Beds 2 Baths 818 SqFt Residential MLS® # R3053171

Oakwyn Realty Ltd.

$1,799,000

1025 Ridgewood Drive, North Vancouver

4 Beds 2 Baths 2,315 SqFt Residential MLS® # R3053163

Macdonald Realty

$619,000

2008 Fullerton Avenue 1404, North Vancouver

2 Beds 1 Bath 906 SqFt Residential MLS® # R3053146

Oakwyn Realty Ltd.

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