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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$329,000

518 Tyee Court, North Vancouver

2 Beds 2 Baths 1,352 SqFt Residential MLS® # R3040228

Royal LePage Sussex

$529,900

252 W 2nd Street 106, North Vancouver

1 Bed 1 Bath 687 SqFt Residential MLS® # R3040204

Royal LePage Sussex - Edmonds Advantage

$689,000

1500 Fern Street 1102, North Vancouver

1 Bed 1 Bath 613 SqFt Residential MLS® # R3040163

One Percent Realty Ltd.

$675,000

723 W 3rd Street 527, North Vancouver

1 Bed 1 Bath 619 SqFt Residential MLS® # R3039575

Sutton Premier Realty

$1,400,000

↑ $50,000

1150 Silverwood Crescent, North Vancouver

3 Beds 1 Bath 1,299 SqFt Residential MLS® # R3040014

Sotheby's International Realty Canada

$2,950,000

452 Tempe Crescent, North Vancouver

6 Beds 6 Baths 4,073 SqFt Residential MLS® # R3039995

Engel & Volkers Vancouver

$1,198,000

1633 Tatlow Avenue 207, North Vancouver

3 Beds 2 Baths 1,424 SqFt Residential MLS® # R3039850

Royal LePage Sussex

$2,688,000

2701 St. Christophers Road, North Vancouver

6 Beds 2 Baths 2,432 SqFt Residential MLS® # R3039817

Vanak Realty

$988,000

1591 Bowser Avenue 205, North Vancouver

2 Beds 2 Baths 1,055 SqFt Residential MLS® # R3039791

Macdonald Realty

$675,000

252 W 2nd Street 104, North Vancouver

2 Beds 1 Bath 832 SqFt Residential MLS® # R3036161

Royal Pacific Lions Gate Realty Ltd.

$1,168,000

↓ $32,000

560 Raven Woods Drive 301, North Vancouver

2 Beds 2 Baths 1,158 SqFt Residential MLS® # R3037823

Royal LePage - Wolstencroft

$1,898,000

368 E Kings Road, North Vancouver

3 Beds 4 Baths 3,488 SqFt Residential MLS® # R3039320

Royal LePage Sussex - Al Sutton

$2,099,000

↓ $100,000

893 Huntingdon Crescent, North Vancouver

5 Beds 3 Baths 2,391 SqFt Residential MLS® # R3039269

Sutton Group-West Coast Realty

$929,000

422 E 3rd Street 359, North Vancouver

1 Bed 1 Bath 615 SqFt Residential MLS® # R3039161

Stilhavn Real Estate Services

$1,499,998

1135 Heritage Boulevard, North Vancouver

5 Beds 4 Baths 2,575 SqFt Residential MLS® # R3039094

Sutton Group-West Coast Realty

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