Date: July 11, 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.
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Source: BCREA
MLS® Listings in North Vancouver | Homes for Sale
$1,778,000
1960 Glenaire Drive 19, North Vancouver
4
Beds
3
Baths
2,046 SqFt
Residential
MLS® # R3059227
Rossetti Realty Ltd.
$1,398,000
560 Raven Woods Drive 509, North Vancouver
3
Beds
2
Baths
1,616 SqFt
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Rossetti Realty Ltd.
$2,798,000
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7
Beds
6
Baths
4,106 SqFt
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Royal LePage Sussex
$899,900
135 W 2nd Street 408, North Vancouver
2
Beds
2
Baths
845 SqFt
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MLS® # R3059135
Stilhavn Real Estate Services
$2,398,800
1170 Kendal Place, North Vancouver
4
Beds
3
Baths
3,338 SqFt
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VIRANI REAL ESTATE ADVISORS
$3,489,900
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6
Beds
4
Baths
3,861 SqFt
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eXp Realty
$1,998,000
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4
Beds
2
Baths
2,453 SqFt
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Oakwyn Realty Ltd.
$1,599,900
347 Seymour River Place, North Vancouver
4
Beds
3
Baths
1,868 SqFt
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Fair Realty
$2,350,000
2020 Carson Court, North Vancouver
4
Beds
4
Baths
2,204 SqFt
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MLS® # R3058988
Royal Pacific Realty (Kingsway) Ltd.
$4,498,000
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8
Beds
8
Baths
4,804 SqFt
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Royal Pacific Realty Corp.
$1,779,000
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3
Beds
3
Baths
1,989 SqFt
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Stilhavn Real Estate Services
$1,499,000
3920 Indian River Drive, North Vancouver
3
Beds
4
Baths
1,760 SqFt
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RE/MAX All Points Realty
$1,599,800
1205 Harold Road 102, North Vancouver
2
Beds
3
Baths
1,596 SqFt
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FaithWilson Christies International Real Estate
$490,000
3600 Windcrest Drive 508, North Vancouver
1
Bed
1
Bath
625 SqFt
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Babych Group Realty Vancouver Ltd.
$1,399,000
3939 Indian River Drive 63, North Vancouver
3
Beds
3
Baths
2,102 SqFt
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RE/MAX Select Realty