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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$1,449,000

460 W 6th Street 2, North Vancouver

3 Beds 3 Baths 1,618 SqFt Residential MLS® # R3053135

Oakwyn Realty Ltd.

$1,199,000

680 Seylynn Crescent 103, North Vancouver

3 Beds 3 Baths 1,493 SqFt Residential MLS® # R3053073

Engel & Volkers Vancouver

$1,185,000

1327 Draycott Road 303, North Vancouver

3 Beds 2 Baths 1,100 SqFt Residential MLS® # R3053060

Macdonald Realty

$1,198,000

995 Roche Point Drive 1005, North Vancouver

2 Beds 2 Baths 1,489 SqFt Residential MLS® # R3053061

88West Realty

$749,000

↓ $20,000

422 E 3rd Street 407, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3053068

Royal Pacific Realty Corp.

$2,150,000

199 Victory Ship Way 401, North Vancouver

3 Beds 3 Baths 1,458 SqFt Residential MLS® # R3053029

Team 3000 Realty Ltd.

$1,789,000

2405 Lloyd Avenue, North Vancouver

3 Beds 2 Baths 2,288 SqFt Residential MLS® # R3052874

Engel & Volkers Vancouver

$849,000

1550 Fern Street 1702, North Vancouver

2 Beds 2 Baths 841 SqFt Residential MLS® # R3052815

Royal LePage Sussex

$1,498,000

2035 Glenaire Drive 101, North Vancouver

3 Beds 3 Baths 1,390 SqFt Residential MLS® # R3052805

Behroyan & Associates Real Estate Services

$688,000

2375 Emery Court 606, North Vancouver

1 Bed 1 Bath 564 SqFt Residential MLS® # R3052740

Royal LePage Sussex

$1,969,000

1195 Dempsey Road, North Vancouver

6 Beds 2 Baths 2,324 SqFt Residential MLS® # R3052708

RE/MAX Results Realty

$1,374,900

2050 Glenaire Drive 118, North Vancouver

3 Beds 3 Baths 1,310 SqFt Residential MLS® # R3052627

MLA Canada Realty

$1,779,900

2050 Glenaire Drive 126, North Vancouver

4 Beds 3 Baths 1,724 SqFt Residential MLS® # R3052618

MLA Canada Realty

$3,999,000

1591 Bond Street, North Vancouver

0 Beds 0 Baths 2,113 SqFt Residential MLS® # R3052516

The Partners Real Estate

$2,235,000

↓ $14,000

555 Raven Woods Drive 20, North Vancouver

3 Beds 4 Baths 3,375 SqFt Residential MLS® # R3052512

Stilhavn Real Estate Services

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