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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$10,880,000

828 Beachview Drive, North Vancouver

9 Beds 12 Baths 12,964 SqFt Residential MLS® # R3046935

1NE Collective Realty Inc.

$679,900

405 Marie Place 101, North Vancouver

0 Beds 1 Bath 601 SqFt Residential MLS® # R3046920

Prominent Real Estate Services

$1,639,800

↓ $18,200

215 W 18th Street, North Vancouver

3 Beds 3 Baths 1,659 SqFt Residential MLS® # R3046882

Sutton Group-West Coast Realty

$2,398,000

5685 Nancy Greene Way, North Vancouver

4 Beds 4 Baths 4,256 SqFt Residential MLS® # R3046848

Rossetti Realty Ltd.

$2,699,000

4323 Valencia Avenue, North Vancouver

5 Beds 4 Baths 3,146 SqFt Residential MLS® # R3046787

Sutton Group-West Coast Realty

$1,199,900

602 E 2nd Street 102, North Vancouver

2 Beds 3 Baths 1,088 SqFt Residential MLS® # R3046682

Macdonald Realty

$1,497,900

602 E 2nd Street 226, North Vancouver

3 Beds 3 Baths 1,221 SqFt Residential MLS® # R3046684

Macdonald Realty

$1,335,900

602 E 2nd Street 225, North Vancouver

2 Beds 3 Baths 1,070 SqFt Residential MLS® # R3046683

Macdonald Realty

$788,900

602 E 2nd Street 127, North Vancouver

1 Bed 1 Bath 656 SqFt Residential MLS® # R3046686

Macdonald Realty

$2,098,000

466 E Kings Road, North Vancouver

4 Beds 2 Baths 2,152 SqFt Residential MLS® # R3046663

Royal Pacific Lions Gate Realty Ltd.

$3,599,000

342 W 15th Street, North Vancouver

8 Beds 5 Baths 4,500 SqFt Residential MLS® # R3046651

Real Broker

$1,649,000

↓ $100,000

4565 Cove Cliff Road, North Vancouver

2 Beds 2 Baths 1,648 SqFt Residential MLS® # R3046615

RE/MAX Results Realty

$1,649,000

↓ $39,000

1645 St. Andrews Avenue, North Vancouver

3 Beds 3 Baths 1,391 SqFt Residential MLS® # R3046588

Renanza Realty Inc.

$549,900

252 W 2nd Street 306, North Vancouver

1 Bed 1 Bath 689 SqFt Residential MLS® # R3046574

Oakwyn Realty Ltd.

$2,299,000

434 E 1st Street 2, North Vancouver

5 Beds 4 Baths 2,489 SqFt Residential MLS® # R3046483

Oakwyn Realty Ltd.

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