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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$704,900

↓ $9,100

1500 Fern Street 2202, North Vancouver

1 Bed 1 Bath 575 SqFt Residential MLS® # R3022431

Team 3000 Realty Ltd.

$2,688,000

↓ $107,000

530 E Queens Road, North Vancouver

5 Beds 4 Baths 3,699 SqFt Residential MLS® # R3022382

Nexus Realty Corp.

$998,800

170 W 1st Street 314, North Vancouver

2 Beds 2 Baths 933 SqFt Residential MLS® # R3022132

Coldwell Banker Prestige Realty

$1,499,000

↓ $150,000

1500 Fern Street 3101, North Vancouver

2 Beds 2 Baths 1,163 SqFt Residential MLS® # R3021974

Team 3000 Realty Ltd.

$1,049,900

↓ $30,100

1500 Fern Street 2201, North Vancouver

2 Beds 2 Baths 871 SqFt Residential MLS® # R3021970

Team 3000 Realty Ltd.

$1,798,000

2302 Viewlynn Drive, North Vancouver

3 Beds 1 Bath 1,073 SqFt Residential MLS® # R3021586

Oakwyn Realty Ltd.

$1,719,000

↓ $70,000

651 W 14th Street 3, North Vancouver

4 Beds 4 Baths 2,345 SqFt Residential MLS® # R3021520

Sincere Real Estate Services

$1,049,000

1675 Lions Gate Lane 306, North Vancouver

2 Beds 2 Baths 924 SqFt Residential MLS® # R3021515

RE/MAX Masters Realty

$538,888

↓ $21,107

3496 Malsum Drive Drive #420, North Vancouver

1 Bed 1 Bath 540 SqFt Residential MLS® # R3020865

Century 21 AAA Realty Inc.

$1,589,000

535 E 2nd Street 135, North Vancouver

3 Beds 3 Baths 1,606 SqFt Residential MLS® # R3021271

Macdonald Platinum Marketing Ltd.

$2,290,000

1358 E 14th Street, North Vancouver

4 Beds 3 Baths 2,899 SqFt Residential MLS® # R3020972

Royal Pacific Lions Gate Realty Ltd.

$1,388,000

135 E 13th Street 615, North Vancouver

2 Beds 2 Baths 983 SqFt Residential MLS® # R3020696

Sutton Group-West Coast Realty

$499,000

2012 Fullerton Avenue 1020, North Vancouver

1 Bed 1 Bath 714 SqFt Residential MLS® # R3020677

Royal Pacific Lions Gate Realty Ltd.

$4,198,000

4500 St. Pauls Avenue - Lot A, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3020509

Rennie & Associates Realty - Jason Soprovich

$2,248,000

1286 Wellington Drive, North Vancouver

6 Beds 3 Baths 3,096 SqFt Residential MLS® # R3020085

Royal LePage Sussex

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