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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$819,900

120 W 16th Street 1403, North Vancouver

2 Beds 2 Baths 810 SqFt Residential MLS® # R3052144

Royal Pacific Lions Gate Realty Ltd.

$3,588,888

3252 Allan Road, North Vancouver

6 Beds 6 Baths 3,974 SqFt Residential MLS® # R3052124

Jovi Realty Inc.

$969,000

128 W 8th Street 104, North Vancouver

2 Beds 2 Baths 960 SqFt Residential MLS® # R3052115

Royal LePage Sussex

$999,000

2045 Heritage Park Lane 118, North Vancouver

2 Beds 2 Baths 931 SqFt Residential MLS® # R3052103

Oakwyn Realty Ltd.

$2,098,000

336 E 12th Street, North Vancouver

3 Beds 4 Baths 2,707 SqFt Residential MLS® # R3052095

Oakwyn Realty Ltd.

$1,898,000

5709 Owl Court, North Vancouver

5 Beds 5 Baths 3,338 SqFt Residential MLS® # R3052099

Rennie & Associates Realty Ltd.

$549,900

3594 Malsum Drive 615, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3051288

Rennie & Associates Realty Ltd.

$699,900

3594 Malsum Drive 421, North Vancouver

2 Beds 2 Baths 770 SqFt Residential MLS® # R3051296

Rennie & Associates Realty Ltd.

$699,900

3594 Malsum Drive 305, North Vancouver

2 Beds 2 Baths 731 SqFt Residential MLS® # R3051274

Rennie & Associates Realty Ltd.

$909,000

255 W 1st Street 428, North Vancouver

2 Beds 2 Baths 851 SqFt Residential MLS® # R3051974

Angell, Hasman & Associates Realty Ltd.

$4,280,000

1390 Sutherland Avenue, North Vancouver

6 Beds 5 Baths 3,583 SqFt Residential MLS® # R3052001

Salus Realty Inc

$3,178,000

1033 Prospect Avenue, North Vancouver

5 Beds 4 Baths 3,359 SqFt Residential MLS® # R3051970

Sutton Group-West Coast Realty

$2,550,000

↓ $88,000

3908 Blantyre Place, North Vancouver

6 Beds 4 Baths 4,368 SqFt Residential MLS® # R3051967

Oracle Realty Ltd.

$2,189,000

4164 Fairway Place, North Vancouver

4 Beds 3 Baths 2,630 SqFt Residential MLS® # R3050687

Hugh & McKinnon Realty Ltd.

$4,098,000

929 Canyon Boulevard, North Vancouver

6 Beds 7 Baths 5,009 SqFt Residential MLS® # R3051948

Royal Pacific Realty Corp.

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