Date: July 11, 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.
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Source: BCREA
MLS® Listings in North Vancouver | Homes for Sale
$949,000
158 W 13th Street 1302, North Vancouver
2
Beds
2
Baths
849 SqFt
Residential
MLS® # R3049419
Babych Group Realty Vancouver Ltd.
$749,000
↓ $30,000
1039 Old Lillooet Road, North Vancouver
2
Beds
2
Baths
1,079 SqFt
Residential
MLS® # R3049428
Macdonald Realty
$850,000
124 W 1st Street 907, North Vancouver
2
Beds
1
Bath
767 SqFt
Residential
MLS® # R3049421
RE/MAX City Realty
$599,000
250 W 1st Street 503, North Vancouver
2
Beds
2
Baths
890 SqFt
Residential
MLS® # R3049381
Oakwyn Realty Ltd.
$1,348,000
↓ $27,000
565 E 2nd Street 161, North Vancouver
3
Beds
3
Baths
1,145 SqFt
Residential
MLS® # R3049355
The Partners Real Estate
$899,000
↓ $50,000
422 E 3rd Street 557, North Vancouver
2
Beds
2
Baths
668 SqFt
Residential
MLS® # R3049368
Royal Pacific Lions Gate Realty Ltd.
$1,938,000
732 E 29th Street, North Vancouver
4
Beds
2
Baths
1,680 SqFt
Residential
MLS® # R3049349
Sutton Group-West Coast Realty
$2,348,000
413 W Keith Road, North Vancouver
5
Beds
4
Baths
2,401 SqFt
Residential
MLS® # R3049316
Oakwyn Realty Ltd.
$1,650,000
1018 Cloverley Street, North Vancouver
4
Beds
3
Baths
2,126 SqFt
Residential
MLS® # R3049315
Sutton Group-West Coast Realty
$2,880,000
869 Clements Avenue, North Vancouver
5
Beds
3
Baths
2,654 SqFt
Residential
MLS® # R3049311
Sutton Group-West Coast Realty
$899,000
↓ $26,000
1673 Lloyd Avenue 306, North Vancouver
2
Beds
2
Baths
1,151 SqFt
Residential
MLS® # R3049280
RE/MAX Select Realty
$664,900
1500 Fern Street 614, North Vancouver
1
Bed
1
Bath
603 SqFt
Residential
MLS® # R3049241
Royal LePage Sussex
$1,880,000
↓ $100,000
683 W Victoria Park 805, North Vancouver
3
Beds
2
Baths
1,363 SqFt
Residential
MLS® # R3049210
Sincere Real Estate Services
$2,499,000
1401 Hunter Street 2704, North Vancouver
2
Beds
2
Baths
1,324 SqFt
Residential
MLS® # R3049198
Sotheby's International Realty Canada
$1,088,800
168 Chadwick Court 503, North Vancouver
3
Beds
2
Baths
1,290 SqFt
Residential
MLS® # R3049169
Royal LePage Sussex - Edmonds Advantage