Date: July 11, 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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2050 Glenaire Drive 135, North Vancouver

$1,569,900

2050 Glenaire Drive 135, North Vancouver

3 Beds 3 Baths 2,714 SqFt Residential MLS® # R3037146

MLA Canada RealtyReal Estate Board of Greater Vancouver Logo

444 Lonsdale Avenue 705, North Vancouver

$968,000

444 Lonsdale Avenue 705, North Vancouver

2 Beds 2 Baths 1,074 SqFt Residential MLS® # R3036798

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

128 W 15th Street 2204, North Vancouver

$3,388,000

128 W 15th Street 2204, North Vancouver

3 Beds 4 Baths 1,588 SqFt Residential MLS® # R3036736

Polygon Realty LimitedReal Estate Board of Greater Vancouver Logo

128 W 15th Street 307, North Vancouver

$1,188,000

128 W 15th Street 307, North Vancouver

2 Beds 2 Baths 969 SqFt Residential MLS® # R3036746

Polygon Realty LimitedReal Estate Board of Greater Vancouver Logo

1025 Clements Avenue, North Vancouver

$1,999,999

1025 Clements Avenue, North Vancouver

5 Beds 2 Baths 2,432 SqFt Residential MLS® # R3036578

Royal LePage West Real Estate ServicesReal Estate Board of Greater Vancouver Logo

128 W 15th Street 1001, North Vancouver

$1,298,000

128 W 15th Street 1001, North Vancouver

2 Beds 2 Baths 969 SqFt Residential MLS® # R3036569

Polygon Realty LimitedReal Estate Board of Greater Vancouver Logo

883 Nairn Court, North Vancouver

$1,799,000

883 Nairn Court, North Vancouver

5 Beds 3 Baths 2,337 SqFt Residential MLS® # R3036498

Royal Pacific Lions Gate Realty Ltd.Real Estate Board of Greater Vancouver Logo

1401 Hunter Street 1408, North Vancouver

$799,900

↓ $25,100

1401 Hunter Street 1408, North Vancouver

2 Beds 2 Baths 802 SqFt Residential MLS® # R3036343

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

528 Greenway Avenue, North Vancouver

$1,898,000

↓ $101,900

528 Greenway Avenue, North Vancouver

3 Beds 2 Baths 1,730 SqFt Residential MLS® # R3036136

Team 3000 Realty Ltd.Real Estate Board of Greater Vancouver Logo

680 Westhyde Place, North Vancouver

$4,998,000

680 Westhyde Place, North Vancouver

5 Beds 5 Baths 4,162 SqFt Residential MLS® # R3036056

Angell, Hasman & Associates Realty Ltd.Real Estate Board of Greater Vancouver Logo

780 E 10th Street, North Vancouver

$3,998,000

780 E 10th Street, North Vancouver

7 Beds 6 Baths 5,002 SqFt Residential MLS® # R3036044

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

1176 W 17th Street, North Vancouver

$2,888,000

1176 W 17th Street, North Vancouver

4 Beds 4 Baths 3,114 SqFt Residential MLS® # R3035972

eXp RealtyReal Estate Board of Greater Vancouver Logo

697 Plymouth Drive, North Vancouver

$1,739,000

697 Plymouth Drive, North Vancouver

4 Beds 2 Baths 2,376 SqFt Residential MLS® # R3035969

Macdonald RealtyReal Estate Board of Greater Vancouver Logo

128 W 15th Street 1403, North Vancouver

$1,388,000

128 W 15th Street 1403, North Vancouver

2 Beds 2 Baths 969 SqFt Residential MLS® # R3035884

Polygon Realty LimitedReal Estate Board of Greater Vancouver Logo

128 W 15th Street 1102, North Vancouver

$948,000

128 W 15th Street 1102, North Vancouver

1 Bed 1 Bath 667 SqFt Residential MLS® # R3035755

Polygon Realty LimitedReal Estate Board of Greater Vancouver Logo


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