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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$635,000

615 E 3rd Street 206, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3047726

Oakwyn Realty Ltd.

$1,080,000

1401 Hunter Street 407, North Vancouver

2 Beds 2 Baths 1,020 SqFt Residential MLS® # R3047739

Macdonald Realty

$799,000

649 E 3rd Street 106, North Vancouver

1 Bed 1 Bath 705 SqFt Residential MLS® # R3047863

Engel & Volkers Vancouver

$1,499,900

2385 Emery Court 704, North Vancouver

2 Beds 3 Baths 1,267 SqFt Residential MLS® # R3047873

Mosaic Avenue Realty Ltd.

$1,649,900

↓ $19,100

1626 St. Andrews Avenue, North Vancouver

4 Beds 4 Baths 1,950 SqFt Residential MLS® # R3047799

Oakwyn Realty Ltd.

$3,098,000

919 E 4th Street, North Vancouver

6 Beds 7 Baths 4,037 SqFt Residential MLS® # R3047899

Sutton Group-West Coast Realty

$1,495,000

3095 Plymouth Drive, North Vancouver

4 Beds 2 Baths 2,614 SqFt Residential MLS® # R3047778

Royal LePage Sussex

$1,749,800

↓ $50,000

1372 Riverside Drive, North Vancouver

4 Beds 2 Baths 2,069 SqFt Residential MLS® # R3047697

Oakwyn Realty Ltd.

$1,849,000

↓ $50,000

3084 Paisley Road, North Vancouver

2 Beds 2 Baths 1,338 SqFt Residential MLS® # R3047725

Oakwyn Realty Ltd.

$2,398,000

4067 Sunnycrest Drive, North Vancouver

3 Beds 1 Bath 1,593 SqFt Residential MLS® # R3047658

Babych Group Realty Vancouver Ltd.

$1,388,000

↓ $40,000

651 St. Andrews Avenue, North Vancouver

3 Beds 3 Baths 1,716 SqFt Residential MLS® # R3047657

eXp Realty

$1,499,000

901 W 17th Street 18, North Vancouver

2 Beds 3 Baths 1,531 SqFt Residential MLS® # R3047615

Royal LePage Sussex

$588,777

1450 Chesterfield Avenue 11, North Vancouver

1 Bed 1 Bath 841 SqFt Residential MLS® # R3047611

Royal LePage Sussex

$1,150,000

150 W 15th Street 1401, North Vancouver

2 Beds 2 Baths 927 SqFt Residential MLS® # R3047590

Team 3000 Realty Ltd.

$839,000

2738 Library Lane 101, North Vancouver

1 Bed 1 Bath 826 SqFt Residential MLS® # R3047411

Royal LePage Sussex

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