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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$1,399,800

1500 Fern Street 107, North Vancouver

3 Beds 3 Baths 1,625 SqFt Residential MLS® # R3043741

RE/MAX Masters Realty

$655,000

683 W Victoria Park 602, North Vancouver

1 Bed 2 Baths 622 SqFt Residential MLS® # R3043744

Rennie & Associates Realty Ltd.

$3,290,000

1632 Lions Gate Lane 2201, North Vancouver

3 Beds 4 Baths 2,547 SqFt Residential MLS® # R3043739

Sutton Group-West Coast Realty

$999,900

1471 Hunter Street 1207, North Vancouver

2 Beds 2 Baths 935 SqFt Residential MLS® # R3043686

Royal Pacific Lions Gate Realty Ltd.

$1,439,900

342 Mountain Highway 311, North Vancouver

3 Beds 4 Baths 1,330 SqFt Residential MLS® # R3043652

Key Marketing

$2,399,000

887 E 17th Street, North Vancouver

5 Beds 3 Baths 3,226 SqFt Residential MLS® # R3043654

RE/MAX Crest Realty

$1,349,900

342 Mountain Highway 112, North Vancouver

3 Beds 3 Baths 1,202 SqFt Residential MLS® # R3043636

Key Marketing

$1,389,000

↓ $110,000

120 W 2nd Street 2203, North Vancouver

2 Beds 2 Baths 1,140 SqFt Residential MLS® # R3043621

Macdonald Realty

$1,575,000

3634 Garibaldi Drive 5, North Vancouver

3 Beds 3 Baths 2,106 SqFt Residential MLS® # R3043561

Oakwyn Realty Ltd.

$599,900

310 W 3rd Street 305, North Vancouver

2 Beds 1 Bath 809 SqFt Residential MLS® # R3043560

RE/MAX Crest Realty

$588,000

↑ $30,000

1555 Eastern Avenue 202, North Vancouver

1 Bed 1 Bath 669 SqFt Residential MLS® # R3043542

88West Realty

$3,998,000

939 Friar Crescent, North Vancouver

4 Beds 3 Baths 3,425 SqFt Residential MLS® # R3043512

RE/MAX Select Properties

$2,650,000

4793 Capilano Road, North Vancouver

6 Beds 4 Baths 2,936 SqFt Residential MLS® # R3043497

Royal LePage Sussex

$1,248,000

2780 Valley Centre Avenue 609, North Vancouver

2 Beds 2 Baths 1,015 SqFt Residential MLS® # R3043474

RE/MAX Masters Realty

$1,179,000

3690 Banff Court 212, North Vancouver

2 Beds 2 Baths 1,525 SqFt Residential MLS® # R3043253

Royal LePage Sussex Pigott Properties

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