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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$888,888

↓ $9,112

175 W 2nd Street 901, North Vancouver

2 Beds 2 Baths 805 SqFt Residential MLS® # R3048625

Royal Pacific Lions Gate Realty Ltd.

$2,399,000

3020 Thorncliffe Drive, North Vancouver

3 Beds 1 Bath 1,902 SqFt Residential MLS® # R3048635

Oakwyn Realty Ltd.

$798,000

1053 Old Lillooet Road, North Vancouver

2 Beds 2 Baths 1,026 SqFt Residential MLS® # R3048595

Rennie & Associates Realty Ltd.

$648,000

305 Lonsdale Avenue 305, North Vancouver

1 Bed 1 Bath 643 SqFt Residential MLS® # R3048518

Real Broker

$2,895,000

2021 Rufus Drive, North Vancouver

4 Beds 3 Baths 2,961 SqFt Residential MLS® # R3048449

Royal LePage West Real Estate Services

$2,498,000

2569 Hyannis Point, North Vancouver

4 Beds 3 Baths 2,782 SqFt Residential MLS® # R3048452

Oracle Realty Ltd.

$2,380,000

3435 St. Georges Avenue, North Vancouver

5 Beds 5 Baths 4,200 SqFt Residential MLS® # R3048441

RE/MAX Crest Realty

$689,900

↓ $10,000

150 W 22nd Street 311, North Vancouver

2 Beds 1 Bath 780 SqFt Residential MLS® # R3048470

Stilhavn Real Estate Services

$979,000

728 W 14th Street 22, North Vancouver

2 Beds 2 Baths 1,085 SqFt Residential MLS® # R3048349

Sutton Group-West Coast Realty

$1,299,000

↓ $86,000

2886 Mt Seymour Parkway, North Vancouver

3 Beds 3 Baths 1,507 SqFt Residential MLS® # R3048358

Royal LePage Sussex Pigott Properties

$2,499,900

2325 Emery Court Ph 1103, North Vancouver

3 Beds 3 Baths 1,619 SqFt Residential MLS® # R3048272

Engel & Volkers Vancouver

$1,599,000

Lot 3 Sunshine Falls Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3048245

Royal LePage Sussex - Edmonds Advantage

$782,000

1677 Lloyd Avenue 313, North Vancouver

2 Beds 2 Baths 823 SqFt Residential MLS® # R3048241

Team 3000 Realty Ltd.

$679,000

2020 Fullerton Avenue 1304, North Vancouver

2 Beds 2 Baths 1,010 SqFt Residential MLS® # R3044044

Multiple Realty Ltd.

$675,000

733 W 3rd Street 404, North Vancouver

1 Bed 1 Bath 623 SqFt Residential MLS® # R3048188

RE/MAX Masters Realty

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