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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$1,758,000

1831 Arborlynn Drive, North Vancouver

7 Beds 6 Baths 3,763 SqFt Residential MLS® # R3026721

Angell, Hasman & Associates Realty Ltd.

$549,000

↓ $10,000

827 W 16 Street 302, North Vancouver

1 Bed 1 Bath 652 SqFt Residential MLS® # R3026603

Royal LePage Sussex

$1,498,000

3399 Capilano Crescent 103, North Vancouver

2 Beds 2 Baths 1,377 SqFt Residential MLS® # R3026646

Angell, Hasman & Associates Realty Ltd.

$1,108,800

↓ $11,000

2133 St. Georges Avenue 23, North Vancouver

3 Beds 3 Baths 1,172 SqFt Residential MLS® # R3025877

Royal LePage Sussex

$1,499,000

12&13 Coldwell Beach, North Vancouver

4 Beds 1 Bath 2,302 SqFt Residential MLS® # R3026401

Babych Group Realty Vancouver Ltd.

$1,598,000

↓ $70,000

432 W 25th Street, North Vancouver

4 Beds 2 Baths 1,786 SqFt Residential MLS® # R3026309

Sincere Real Estate Services

$2,049,900

4540 Mountain Highway, North Vancouver

6 Beds 3 Baths 3,076 SqFt Residential MLS® # R3025939

Royal LePage Elite West

$739,900

2050 Glenaire Drive 123, North Vancouver

2 Beds 1 Bath 601 SqFt Residential MLS® # R3025896

MLA Canada Realty

$1,225,000

↓ $25,000

3600 Windcrest Drive 112, North Vancouver

2 Beds 3 Baths 1,365 SqFt Residential MLS® # R3025883

Oakwyn Realty Ltd.

$649,000

630 Roche Point Drive 115, North Vancouver

2 Beds 2 Baths 906 SqFt Residential MLS® # R3025637

RE/MAX Crest Realty

$1,799,900

135 E 13th Street Th1, North Vancouver

3 Beds 3 Baths 1,659 SqFt Residential MLS® # R3025559

Magnum Projects Ltd.

$1,699,900

135 E 13th Street 1705, North Vancouver

2 Beds 2 Baths 983 SqFt Residential MLS® # R3025552

Magnum Projects Ltd.

$1,619,900

135 E 13th Street 302, North Vancouver

2 Beds 2 Baths 1,130 SqFt Residential MLS® # R3025545

Magnum Projects Ltd.

$1,339,900

135 E 13th Street 901, North Vancouver

2 Beds 2 Baths 880 SqFt Residential MLS® # R3025540

Magnum Projects Ltd.

$2,250,000

706 Blueridge Avenue, North Vancouver

3 Beds 2 Baths 2,032 SqFt Residential MLS® # R3025520

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