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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$579,900

725 Marine Drive 509, North Vancouver

1 Bed 1 Bath 577 SqFt Residential MLS® # R3049154

Royal LePage Sussex

$2,575,000

587 Beachview Drive, North Vancouver

5 Beds 3 Baths 3,665 SqFt Residential MLS® # R3049094

RE/MAX Masters Realty

$929,000

3349 Mountain Highway, North Vancouver

2 Beds 3 Baths 1,297 SqFt Residential MLS® # R3049065

Oakwyn Realty Ltd.

$480,000

↓ $8,000

2016 Fullerton Avenue 1710, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3049126

Vanak Realty

$1,480,000

1632 Lions Gate Lane 1601, North Vancouver

2 Beds 2 Baths 952 SqFt Residential MLS® # R3049055

RE/MAX Masters Realty

$1,899,000

263 W 6th Street, North Vancouver

4 Beds 4 Baths 1,790 SqFt Residential MLS® # R3049049

Sutton Group-West Coast Realty

$2,350,000

↓ $100,000

3566 Regent Avenue, North Vancouver

5 Beds 3 Baths 2,422 SqFt Residential MLS® # R3049034

Royal Pacific Lions Gate Realty Ltd.

$1,100,000

707 E 3 Street 303, North Vancouver

2 Beds 2 Baths 1,039 SqFt Residential MLS® # R3049033

Oracle Realty Ltd.

$998,000

160 W 3rd Street 308, North Vancouver

2 Beds 2 Baths 926 SqFt Residential MLS® # R3049003

Sutton Group-West Coast Realty

$649,900

↓ $50,000

1182 W 16th Street 103, North Vancouver

1 Bed 1 Bath 707 SqFt Residential MLS® # R3048987

Keller Williams Ocean Realty

$909,000

↓ $16,000

255 W 1st Street 412, North Vancouver

2 Beds 2 Baths 849 SqFt Residential MLS® # R3048991

Sutton Group-West Coast Realty

$1,999,999

↓ $288,889

437 E 29th Street, North Vancouver

6 Beds 3 Baths 2,989 SqFt Residential MLS® # R3048920

Macdonald Realty Westmar

$2,350,000

313 E 27 Street, North Vancouver

5 Beds 5 Baths 2,323 SqFt Residential MLS® # R3048863

Royal Pacific Realty Corp.

$974,900

188 E Esplanade 2001, North Vancouver

2 Beds 2 Baths 954 SqFt Residential MLS® # R3048784

Oakwyn Realty Ltd.

$1,849,000

↓ $100,000

848 E 6th Street, North Vancouver

3 Beds 2 Baths 2,223 SqFt Residential MLS® # R3048686

Royal LePage Sussex Pigott Properties

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