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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$459,000

155 E 5th Street 211, North Vancouver

2 Beds 1 Bath 885 SqFt Residential MLS® # R3055213

Rossetti Realty Ltd.

$699,000

3606 Aldercrest Drive 406, North Vancouver

1 Bed 1 Bath 760 SqFt Residential MLS® # R3055210

Rossetti Realty Ltd.

$599,000

1401 Hunter Street 502, North Vancouver

1 Bed 1 Bath 550 SqFt Residential MLS® # R3055048

Stilhavn Real Estate Services

$749,000

1500 Fern Street 1808, North Vancouver

1 Bed 1 Bath 604 SqFt Residential MLS® # R3054943

Royal LePage Sussex

$2,049,900

1707 Dempsey Road, North Vancouver

5 Beds 3 Baths 2,230 SqFt Residential MLS® # R3054902

Keller Williams Ocean Realty

$649,000

1320 Chesterfield Avenue 1406, North Vancouver

1 Bed 1 Bath 568 SqFt Residential MLS® # R3054937

Royal Pacific Realty Corp.

$1,099,000

1288 Chesterfield Avenue Th4, North Vancouver

2 Beds 3 Baths 1,215 SqFt Residential MLS® # R3054766

Engel & Volkers Vancouver

$548,000

2008 Fullerton Avenue 304, North Vancouver

2 Beds 1 Bath 906 SqFt Residential MLS® # R3054761

Royal LePage Sussex - Al Sutton

$790,000

1519 Crown Street 406, North Vancouver

2 Beds 2 Baths 853 SqFt Residential MLS® # R3054753

Oakwyn Realty Ltd.

$629,000

1111 Lynn Valley Road 201, North Vancouver

1 Bed 1 Bath 677 SqFt Residential MLS® # R3054720

Royal LePage Sussex

$1,095,000

1632 Lions Gate Lane 607, North Vancouver

2 Beds 2 Baths 898 SqFt Residential MLS® # R3054713

Oakwyn Realty Ltd.

$2,498,000

342 E 18th Street, North Vancouver

4 Beds 2 Baths 2,013 SqFt Residential MLS® # R3054706

Royal Pacific Realty Corp.

$2,395,000

340 E 12th Street, North Vancouver

5 Beds 4 Baths 2,821 SqFt Residential MLS® # R3054678

The Agency Vancouver

$499,000

2016 Fullerton Avenue 1812, North Vancouver

1 Bed 1 Bath 726 SqFt Residential MLS® # R3054672

Sutton Group-West Coast Realty

$4,880,000

1393 Greenbriar Way, North Vancouver

5 Beds 6 Baths 4,761 SqFt Residential MLS® # R3049464

LeHomes Realty Premier

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