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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$578,000

↓ $7,000

2035 Glenaire Drive 124, North Vancouver

1 Bed 1 Bath 554 SqFt Residential MLS® # R3039078

RE/MAX Crest Realty

$2,988,000

648 E 3rd Street, North Vancouver

7 Beds 5 Baths 3,075 SqFt Residential MLS® # R3038610

Royal Regal Realty Ltd.

$1,419,000

2994 Mt Seymour Parkway, North Vancouver

4 Beds 4 Baths 2,159 SqFt Residential MLS® # R3038957

Stonehaus Realty Corp.

$3,380,000

4061 St. Pauls Avenue, North Vancouver

4 Beds 6 Baths 3,690 SqFt Residential MLS® # R3038823

Sutton Group-West Coast Realty

$1,599,000

720 E 3rd Street 35, North Vancouver

3 Beds 4 Baths 1,885 SqFt Residential MLS® # R3038817

Royal LePage Sussex

$798,000

223 Mountain Highway Ph12, North Vancouver

2 Beds 2 Baths 1,100 SqFt Residential MLS® # R3038732

Royal Pacific Lions Gate Realty Ltd.

$714,999

1500 Fern Street 805, North Vancouver

1 Bed 1 Bath 617 SqFt Residential MLS® # R3038607

Macdonald Realty

$899,900

2380 Emery Court 206, North Vancouver

2 Beds 2 Baths 833 SqFt Residential MLS® # R3038580

Mosaic Avenue Realty Ltd.

$689,900

2380 Emery Court 209, North Vancouver

1 Bed 1 Bath 566 SqFt Residential MLS® # R3038543

Mosaic Avenue Realty Ltd.

$875,000

128 E 8th Street 107, North Vancouver

2 Beds 1 Bath 725 SqFt Residential MLS® # R3038512

Engel & Volkers Vancouver

$999,900

2380 Emery Court 202, North Vancouver

2 Beds 2 Baths 1,063 SqFt Residential MLS® # R3038524

Mosaic Avenue Realty Ltd.

$629,000

155 E 3rd Street 410, North Vancouver

1 Bed 1 Bath 582 SqFt Residential MLS® # R3038483

Oakwyn Realty Ltd.

$1,498,000

↓ $82,000

1706 Deep Cove Road, North Vancouver

4 Beds 2 Baths 1,874 SqFt Residential MLS® # R3038426

Sutton Group-West Coast Realty

$539,000

735 W 15th Street 115, North Vancouver

0 Beds 1 Bath 457 SqFt Residential MLS® # R3038415

RE/MAX Crest Realty

$949,900

↓ $28,100

707 E 3rd Street 308, North Vancouver

2 Beds 2 Baths 935 SqFt Residential MLS® # R3038325

RE/MAX Masters Realty

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