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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$939,000

↓ $26,000

1471 Hunter Street 603, North Vancouver

2 Beds 2 Baths 936 SqFt Residential MLS® # R2994953

Oakwyn Realty Ltd.

$2,199,000

3001 Paisley Road, North Vancouver

5 Beds 2 Baths 1,536 SqFt Residential MLS® # R2971008

Rennie & Associates Realty Ltd.

$3,949,000

1275 W Keith Road, North Vancouver

6 Beds 4 Baths 3,496 SqFt Residential MLS® # R3001524

RE/MAX Masters Realty

$3,800,000

4168 Highland Boulevard, North Vancouver

7 Beds 6 Baths 5,068 SqFt Residential MLS® # R3001464

YVR International Realty

$520,000

2016 Fullerton Avenue 307, North Vancouver

1 Bed 1 Bath 651 SqFt Residential MLS® # R2998049

Parallel 49 Realty

$1,258,000

580 Raven Woods Drive 516, North Vancouver

2 Beds 2 Baths 1,434 SqFt Residential MLS® # R2996222

Royal Pacific Tri-Cities Realty

$899,000

1015 Lynn Valley Road 15, North Vancouver

2 Beds 2 Baths 1,007 SqFt Residential MLS® # R2990593

Nu Stream Realty Inc.

$1,398,000

↓ $201,000

234 E 24th Street, North Vancouver

6 Beds 3 Baths 2,792 SqFt Residential MLS® # R2954638

Rossetti Realty Ltd.

$1,398,000

↓ $100,000

234 E 24th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2954639

Rossetti Realty Ltd.

$499,000

Lot F Block 23 & 24, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2999387

Rennie & Associates Realty Ltd.

$1,149,000

140 E 14th Street 1203, North Vancouver

2 Beds 2 Baths 1,169 SqFt Residential MLS® # R2970958

Royal LePage Sussex

$1,828,000

1528 Bond Street, North Vancouver

3 Beds 4 Baths 1,736 SqFt Residential MLS® # R2996975

RE/MAX All Points Realty

$999,000

723 W 3rd Street 524, North Vancouver

3 Beds 2 Baths 1,034 SqFt Residential MLS® # R2995091

Sutton Group - 1st West Realty

$5,800,000

4383 Quinton Place, North Vancouver

4 Beds 5 Baths 4,820 SqFt Residential MLS® # R2988242

Sutton Group-West Coast Realty

$1,999,900

279 Orwell Street, North Vancouver

0 Beds 0 Baths 2,409 SqFt Residential MLS® # R2994101

The Partners Real Estate

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