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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$2,248,800

5293 Indian River Drive, North Vancouver

6 Beds 3 Baths 2,051 SqFt Residential MLS® # R3005682

Coldwell Banker Prestige Realty

$499,000

↓ $50,000

1085 W 17th Street 206, North Vancouver

1 Bed 1 Bath 661 SqFt Residential MLS® # R3007194

Sutton Group-West Coast Realty

$2,248,000

↓ $50,000

548 E Braemar Road, North Vancouver

5 Beds 3 Baths 3,131 SqFt Residential MLS® # R3006987

Rennie & Associates Realty Ltd.

$498,000

2004 Fullerton Avenue 1010, North Vancouver

1 Bed 1 Bath 615 SqFt Residential MLS® # R2981881

Royal Pacific Lions Gate Realty Ltd.

$1,999,000

4136 Coverntry Way, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3006751

Oakwyn Realty Ltd.

$1,679,000

↓ $20,000

1500 Fern Street 103, North Vancouver

3 Beds 4 Baths 1,875 SqFt Residential MLS® # R3005341

Royal Pacific Realty (Kingsway) Ltd.

$2,580,000

4477 Primrose Lane, North Vancouver

6 Beds 4 Baths 2,877 SqFt Residential MLS® # R3004515

Homeland Realty

$539,900

↓ $39,900

110 W 4th Street 902, North Vancouver

1 Bed 1 Bath 604 SqFt Residential MLS® # R3006694

Multiple Realty Ltd.

$288,000

↓ $110,000

11 East Of Croker Island, North Vancouver

3 Beds 2 Baths 1,120 SqFt Residential MLS® # R2995484

Babych Group Realty Vancouver Ltd.

$798,000

1085 W 17th Street 308, North Vancouver

2 Beds 2 Baths 936 SqFt Residential MLS® # R2953692

Angell, Hasman & Associates Realty Ltd.

$3,600,000

2204 Old Dollarton Road, North Vancouver

3 Beds 2 Baths 2,150 SqFt Residential MLS® # R3006067

Royal LePage Sussex

$3,150,000

4153 Quarry Court, North Vancouver

6 Beds 5 Baths 4,299 SqFt Residential MLS® # R3003624

Royal LePage Sussex

$1,748,000

653 E 22nd Street, North Vancouver

6 Beds 2 Baths 1,600 SqFt Residential MLS® # R3004348

Royal Pacific Lions Gate Realty Ltd.

$888,000

2651 Library Lane 202, North Vancouver

2 Beds 2 Baths 872 SqFt Residential MLS® # R3004673

Sincere Real Estate Services

$579,000

780 Premier Street 316, North Vancouver

2 Beds 1 Bath 1,009 SqFt Residential MLS® # R2960069

eXp Realty of Canada, Inc.

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