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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$1,095,000

188 E Esplanade 2107, North Vancouver

2 Beds 2 Baths 952 SqFt Residential MLS® # R3029488

Sutton Group-West Coast Realty

$1,899,000

1717 Tatlow Avenue, North Vancouver

6 Beds 4 Baths 2,383 SqFt Residential MLS® # R3029381

Royal Pacific Realty Corp.

$4,998,000

2809 Edgemont Boulevard, North Vancouver

5 Beds 7 Baths 5,037 SqFt Residential MLS® # R3029195

RE/MAX Masters Realty

$1,850,000

↓ $150,000

1911 Mahon Avenue, North Vancouver

3 Beds 3 Baths 1,911 SqFt Residential MLS® # R3028904

Stonehaus Realty Corp.

$499,900

145 St. Georges Avenue 405, North Vancouver

1 Bed 1 Bath 582 SqFt Residential MLS® # R3028872

Rennie & Associates Realty Ltd.

$1,399,000

↓ $50,000

1386 Tatlow Avenue, North Vancouver

2 Beds 1 Bath 1,210 SqFt Residential MLS® # R3028051

Engel & Volkers Vancouver

$734,900

2385 Emery Court 409, North Vancouver

1 Bed 1 Bath 722 SqFt Residential MLS® # R3027374

eXp Realty of Canada, Inc.

$998,000

↓ $61,900

3600 Windcrest Drive 204, North Vancouver

2 Beds 3 Baths 1,383 SqFt Residential MLS® # R3027916

Royal LePage Sussex

$2,999,000

4283 Capilano Road, North Vancouver

6 Beds 4 Baths 3,283 SqFt Residential MLS® # R3027801

RE/MAX Westcoast

$698,000

↓ $16,900

162 Victory Ship Way 507, North Vancouver

1 Bed 1 Bath 567 SqFt Residential MLS® # R3027734

Royal Pacific Realty Corp.

$1,585,000

↓ $14,000

846 St. Denis Avenue, North Vancouver

3 Beds 3 Baths 1,590 SqFt Residential MLS® # R3027377

Engel & Volkers Vancouver

$2,549,000

↓ $50,000

568 Palisade Drive, North Vancouver

4 Beds 3 Baths 2,484 SqFt Residential MLS® # R3027290

RE/MAX Crest Realty

$779,999

1327 E Keith Road 1106, North Vancouver

2 Beds 2 Baths 1,105 SqFt Residential MLS® # R3027275

Royal LePage Sussex

$899,000

↓ $50,000

365 E 1st Street 213, North Vancouver

2 Beds 2 Baths 931 SqFt Residential MLS® # R3026996

Royal LePage Sussex

$1,725,000

↓ $25,000

562 W Keith Road, North Vancouver

3 Beds 3 Baths 1,694 SqFt Residential MLS® # R3026861

88West Realty

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