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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$699,000

↓ $20,000

580 Raven Woods Drive 207, North Vancouver

2 Beds 2 Baths 863 SqFt Residential MLS® # R3046413

Babych Group Realty Vancouver Ltd.

$549,900

121 W 15th Street 1503, North Vancouver

1 Bed 1 Bath 641 SqFt Residential MLS® # R3044902

Stonehaus Realty Corp.

$3,980,000

4541 Stonehaven Avenue, North Vancouver

2 Beds 1 Bath 1,076 SqFt Residential MLS® # R3046372

Royal Pacific Lions Gate Realty Ltd.

$759,900

188 E Esplanade Esplanade 1002, North Vancouver

1 Bed 1 Bath 768 SqFt Residential MLS® # R3045693

Macdonald Realty (Langley)

$3,288,000

1017 Canyon Boulevard, North Vancouver

6 Beds 5 Baths 4,068 SqFt Residential MLS® # R3046330

Team 3000 Realty Ltd.

$1,349,900

3220 Connaught Crescent 317, North Vancouver

2 Beds 2 Baths 879 SqFt Residential MLS® # R3046270

Sutton Group-West Coast Realty

$479,000

2012 Fullerton Avenue 1001, North Vancouver

1 Bed 1 Bath 719 SqFt Residential MLS® # R3046257

Sutton Group - 1st West Realty

$2,475,000

3690 Rutherford Crescent, North Vancouver

4 Beds 3 Baths 2,910 SqFt Residential MLS® # R3046277

Oakwyn Realty Ltd.

$1,088,800

3670 Banff Court 302, North Vancouver

2 Beds 2 Baths 1,434 SqFt Residential MLS® # R3046245

Royal LePage Sussex - Edmonds Advantage

$849,900

1555 Eastern Avenue 603, North Vancouver

2 Beds 2 Baths 1,011 SqFt Residential MLS® # R3046225

Oakwyn Realty Ltd.

$1,799,900

↓ $50,000

847 E 13th Street, North Vancouver

5 Beds 2 Baths 2,187 SqFt Residential MLS® # R3046201

Coldwell Banker Prestige Realty

$1,899,000

↓ $150,000

4233 Capilano Road, North Vancouver

5 Beds 3 Baths 2,713 SqFt Residential MLS® # R3046170

Stilhavn Real Estate Services

$674,000

365 E 1st Street 409, North Vancouver

1 Bed 1 Bath 655 SqFt Residential MLS® # R3046178

Royal LePage Sterling Realty

$1,055,000

1471 Hunter Street 1604, North Vancouver

2 Beds 2 Baths 815 SqFt Residential MLS® # R3046123

Royal LePage Sussex

$499,000

1550 Chesterfield Avenue 208, North Vancouver

1 Bed 1 Bath 680 SqFt Residential MLS® # R3046109

Macdonald Realty

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