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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$1,199,900

2045 Heritage Park Lane 213, North Vancouver

4 Beds 2 Baths 1,511 SqFt Residential MLS® # R3050964

Stilhavn Real Estate Services

$1,698,000

↓ $51,000

1664 St.georges Avenue, North Vancouver

3 Beds 3 Baths 1,887 SqFt Residential MLS® # R3050886

Century 21 In Town Realty

$679,000

829 Westview Crescent, North Vancouver

3 Beds 3 Baths 1,324 SqFt Residential MLS® # R3050862

Oakwyn Realty Ltd.

$3,679,000

3061 Bewicke Avenue, North Vancouver

4 Beds 4 Baths 3,000 SqFt Residential MLS® # R3050794

Macdonald Realty

$788,000

125 E 14th Street 1703, North Vancouver

1 Bed 1 Bath 643 SqFt Residential MLS® # R3050549

Bellevue Realty Group

$768,000

↓ $31,000

733 W 14th Street 310, North Vancouver

2 Beds 2 Baths 815 SqFt Residential MLS® # R3050583

88West Realty

$764,900

1000 Bowron Court 610, North Vancouver

1 Bed 1 Bath 1,016 SqFt Residential MLS® # R3050540

Oakwyn Realty Ltd.

$3,595,000

291 Monteray Avenue, North Vancouver

5 Beds 6 Baths 4,771 SqFt Residential MLS® # R3050529

Stilhavn Real Estate Services

$898,000

580 Raven Woods Drive 422, North Vancouver

2 Beds 2 Baths 894 SqFt Residential MLS® # R3050488

Royal Pacific Realty Corp.

$699,000

170 W 1st Street 1004, North Vancouver

1 Bed 1 Bath 692 SqFt Residential MLS® # R3050467

VIRANI REAL ESTATE ADVISORS

$855,000

2665 Mountain Highway 101, North Vancouver

2 Beds 2 Baths 915 SqFt Residential MLS® # R3050450

RE/MAX City Realty

$875,000

1111 E 27th Street 204, North Vancouver

2 Beds 2 Baths 918 SqFt Residential MLS® # R3050443

RE/MAX Crest Realty

$2,199,000

3658 Loraine Avenue, North Vancouver

4 Beds 2 Baths 2,105 SqFt Residential MLS® # R3050401

Macdonald Realty

$2,800,000

5154 Ranger Avenue, North Vancouver

4 Beds 3 Baths 2,680 SqFt Residential MLS® # R3050381

Oakwyn Realty Ltd.

$1,049,000

615 E 3rd Street 205, North Vancouver

2 Beds 2 Baths 997 SqFt Residential MLS® # R3050377

Royal LePage Sussex

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