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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$948,000

↓ $42,000

128 E 8th Street 202, North Vancouver

2 Beds 2 Baths 804 SqFt Residential MLS® # R3032795

Panda Luxury Homes

$629,999

1550 Fern Street 2106, North Vancouver

1 Bed 1 Bath 602 SqFt Residential MLS® # R3032580

Angell, Hasman & Associates Realty Ltd.

$1,949,000

↓ $150,000

951 Canyon Boulevard, North Vancouver

3 Beds 2 Baths 2,109 SqFt Residential MLS® # R3032547

RE/MAX City Realty

$2,099,900

1553 Burrill Avenue, North Vancouver

6 Beds 3 Baths 2,293 SqFt Residential MLS® # R3032456

Sutton Centre Realty

$1,399,900

↓ $50,000

900 W 17th Street 34, North Vancouver

4 Beds 3 Baths 1,817 SqFt Residential MLS® # R3032324

Sutton Group - 1st West Realty

$795,000

↓ $64,000

245 St. Davids Avenue 404, North Vancouver

2 Beds 1 Bath 785 SqFt Residential MLS® # R3032279

Team 3000 Realty Ltd.

$519,920

3594 Malsum Drive 609, North Vancouver

1 Bed 1 Bath 535 SqFt Residential MLS® # R3032075

Rennie & Associates Realty Ltd.

$1,898,888

530 W 14th Street, North Vancouver

4 Beds 2 Baths 1,749 SqFt Residential MLS® # R3032257

RE/MAX Masters Realty

$699,900

317 Bewicke Avenue 313, North Vancouver

1 Bed 1 Bath 672 SqFt Residential MLS® # R3032219

Amex Broadway West Realty

$2,250,000

1206 Cloverley Street, North Vancouver

4 Beds 2 Baths 1,930 SqFt Residential MLS® # R3032107

RE/MAX Clara Hartree

$2,149,000

3129 Princess Avenue, North Vancouver

4 Beds 2 Baths 1,509 SqFt Residential MLS® # R3031962

Royal Pacific Lions Gate Realty Ltd.

$1,595,000

135 E 13th Street 1406, North Vancouver

2 Beds 2 Baths 1,002 SqFt Residential MLS® # R3031919

Sutton Group-West Coast Realty

$1,048,000

↓ $27,000

1401 Hunter Street 2003, North Vancouver

2 Beds 2 Baths 900 SqFt Residential MLS® # R3031369

Sutton Group-West Coast Realty

$3,198,000

3073 Fromme Road, North Vancouver

5 Beds 5 Baths 3,162 SqFt Residential MLS® # R3031791

Royal LePage Sussex

$3,198,000

3071 Fromme Road, North Vancouver

5 Beds 5 Baths 3,162 SqFt Residential MLS® # R3031794

Royal LePage Sussex

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