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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$2,399,000

4938 Redonda Drive, North Vancouver

7 Beds 6 Baths 3,297 SqFt Residential MLS® # R3051142

The Agency Vancouver

$695,000

1528 Bowser Avenue 204, North Vancouver

1 Bed 2 Baths 879 SqFt Residential MLS® # R3051406

Stilhavn Real Estate Services

$938,000

↓ $30,000

3608 Deercrest Drive 302, North Vancouver

3 Beds 2 Baths 1,182 SqFt Residential MLS® # R3051358

Sutton Group-West Coast Realty

$1,378,000

3151 Woodbine Drive 204, North Vancouver

2 Beds 2 Baths 1,230 SqFt Residential MLS® # R3051306

Royal LePage Sussex

$2,850,000

645 St. Davids Avenue, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3051313

Sutton Group-West Coast Realty

$2,799,000

619 E 22nd Street, North Vancouver

4 Beds 5 Baths 3,437 SqFt Residential MLS® # R3051326

Stilhavn Real Estate Services

$1,844,900

↑ $46,100

1133 Ridgewood Drive 5, North Vancouver

3 Beds 4 Baths 1,838 SqFt Residential MLS® # R3051279

Royal LePage Sussex

$1,799,000

2239 Windridge Drive, North Vancouver

3 Beds 2 Baths 1,591 SqFt Residential MLS® # R3051238

Rennie & Associates Realty Ltd.

$2,850,000

645 St. Davids Avenue, North Vancouver

3 Beds 2 Baths 2,650 SqFt Residential MLS® # R3051263

Sutton Group-West Coast Realty

$875,000

↓ $24,000

728 W 14th Street 45, North Vancouver

2 Beds 2 Baths 968 SqFt Residential MLS® # R3051249

Century 21 In Town Realty

$2,950,000

3595 Princess Avenue, North Vancouver

5 Beds 3 Baths 3,452 SqFt Residential MLS® # R3051204

VIRANI REAL ESTATE ADVISORS

$1,388,000

3825 Cates Landing Way 308, North Vancouver

2 Beds 2 Baths 1,098 SqFt Residential MLS® # R3051126

Royal Pacific Realty Corp.

$929,000

580 Raven Woods Drive 109, North Vancouver

2 Beds 2 Baths 1,100 SqFt Residential MLS® # R3051073

Babych Group Realty Vancouver Ltd.

$540,000

250 W 1st Street 314, North Vancouver

1 Bed 1 Bath 732 SqFt Residential MLS® # R3051055

Babych Group Realty Vancouver Ltd.

$1,898,000

↓ $70,000

4684 Capilano Road, North Vancouver

3 Beds 4 Baths 2,232 SqFt Residential MLS® # R3051035

Babych Group Realty Vancouver Ltd.

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