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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$2,599,000

4869 Capilano Road, North Vancouver

5 Beds 4 Baths 4,882 SqFt Residential MLS® # R3044960

Royal LePage Sussex

$3,495,000

↓ $200,000

3365 Edgemont Boulevard, North Vancouver

6 Beds 6 Baths 4,059 SqFt Residential MLS® # R3044814

Stilhavn Real Estate Services

$1,355,000

2632 Library Lane 404, North Vancouver

3 Beds 2 Baths 1,164 SqFt Residential MLS® # R3044922

eXp Realty

$949,000

108 E 8th Street 304, North Vancouver

2 Beds 2 Baths 808 SqFt Residential MLS® # R3044943

Stilhavn Real Estate Services

$969,000

↓ $20,000

1500 Fern Street 1401, North Vancouver

2 Beds 2 Baths 865 SqFt Residential MLS® # R3044963

Royal LePage Sussex

$5,388,000

983 Tudor Avenue, North Vancouver

4 Beds 6 Baths 5,198 SqFt Residential MLS® # R3044904

Real Broker

$2,788,000

4066 Norwood Avenue, North Vancouver

5 Beds 5 Baths 3,444 SqFt Residential MLS® # R3044849

RE/MAX Masters Realty

$2,089,000

↓ $60,000

1433 Doran Road, North Vancouver

5 Beds 3 Baths 2,248 SqFt Residential MLS® # R3044673

RE/MAX Crest Realty

$2,598,000

↓ $100,000

935 Beaconsfield Road, North Vancouver

6 Beds 3 Baths 2,978 SqFt Residential MLS® # R3044666

Babych Group Realty Vancouver Ltd.

$1,690,000

↓ $60,000

1412 Hope Road, North Vancouver

4 Beds 2 Baths 1,525 SqFt Residential MLS® # R3044735

Oakwyn Realty Ltd.

$3,480,000

839 W 20th Street, North Vancouver

5 Beds 7 Baths 4,736 SqFt Residential MLS® # R3044743

Sutton Group-West Coast Realty

$1,499,000

4150 Dollarton Highway, North Vancouver

2 Beds 1 Bath 892 SqFt Residential MLS® # R3044623

Macdonald Realty

$549,000

↓ $40,000

1385 Draycott Road 320, North Vancouver

1 Bed 1 Bath 824 SqFt Residential MLS® # R3044610

Royal LePage Sussex

$1,949,000

843 Whitchurch Street, North Vancouver

5 Beds 3 Baths 2,646 SqFt Residential MLS® # R3044604

Oracle Realty Ltd.

$1,980,000

1500 Fern Street 2604, North Vancouver

3 Beds 3 Baths 1,373 SqFt Residential MLS® # R3044596

Team 3000 Realty Ltd.

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