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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$6,650,000

1295 W Keith Road, North Vancouver

5 Beds 6 Baths 5,385 SqFt Residential MLS® # R3047387

Royal LePage Sussex

$1,898,000

415 W 26th Street, North Vancouver

5 Beds 2 Baths 2,164 SqFt Residential MLS® # R3047276

Rossetti Realty Ltd.

$4,380,000

1048 Handsworth Road, North Vancouver

5 Beds 6 Baths 4,110 SqFt Residential MLS® # R3047239

Sutton Group - 1st West Realty

$3,950,000

906 Prospect Avenue, North Vancouver

6 Beds 4 Baths 4,852 SqFt Residential MLS® # R3047214

Royal LePage Sussex

$1,729,000

2070 Curling Road 109, North Vancouver

4 Beds 3 Baths 1,831 SqFt Residential MLS® # R3047197

Royal LePage West Real Estate Services

$528,800

145 St. Georges Avenue 1605, North Vancouver

1 Bed 1 Bath 579 SqFt Residential MLS® # R3047151

Royal LePage Sussex - Edmonds Advantage

$1,138,000

↓ $40,000

1295 Conifer Street 105, North Vancouver

2 Beds 2 Baths 1,059 SqFt Residential MLS® # R3047155

Royal Pacific Realty Corp.

$1,495,000

↓ $100,000

442 W 23rd Street, North Vancouver

4 Beds 2 Baths 1,910 SqFt Residential MLS® # R3047126

Magsen Realty Inc.

$569,000

1320 Chesterfield Avenue 1208, North Vancouver

1 Bed 1 Bath 524 SqFt Residential MLS® # R3047061

RE/MAX Crest Realty

$2,980,000

246 W 5th Street, North Vancouver

10 Beds 6 Baths 4,030 SqFt Residential Income MLS® # R3047005

Sutton Group-West Coast Realty

$1,899,000

1184 Riverside Drive, North Vancouver

4 Beds 4 Baths 3,140 SqFt Residential MLS® # R3046987

Angell, Hasman & Associates Realty Ltd.

$785,000

118 E 2nd Street 403, North Vancouver

2 Beds 2 Baths 922 SqFt Residential MLS® # R3046977

RE/MAX Crest Realty

$884,900

405 Marie Place 502, North Vancouver

2 Beds 2 Baths 784 SqFt Residential MLS® # R3046963

Prominent Real Estate Services

$1,349,000

↓ $81,000

2358 Western Avenue 16, North Vancouver

3 Beds 4 Baths 1,816 SqFt Residential MLS® # R3046924

Macdonald Realty (Surrey/152)

$1,094,900

405 Marie Place 409, North Vancouver

3 Beds 2 Baths 963 SqFt Residential MLS® # R3046943

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