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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$1,050,000

↓ $49,000

707 E 3rd Street 208, North Vancouver

2 Beds 2 Baths 948 SqFt Residential MLS® # R3034207

Macdonald Realty

$1,899,000

2137 Chesterfield Avenue Th5, North Vancouver

4 Beds 3 Baths 1,735 SqFt Residential MLS® # R3034127

Stilhavn Real Estate Services

$579,000

135 W 21st Street 113, North Vancouver

2 Beds 1 Bath 797 SqFt Residential MLS® # R3034106

Macdonald Realty

$888,000

2651 Library Lane 205, North Vancouver

2 Beds 2 Baths 883 SqFt Residential MLS® # R3033995

Swift Realty Ltd.

$688,800

130 E 2nd Street 903, North Vancouver

1 Bed 1 Bath 717 SqFt Residential MLS® # R3033821

Royal LePage Sussex - Edmonds Advantage

$2,599,000

894 E 13th Street, North Vancouver

4 Beds 2 Baths 2,153 SqFt Residential MLS® # R3033549

RE/MAX Masters Realty

$1,598,000

341 W 19th Street, North Vancouver

2 Beds 1 Bath 1,783 SqFt Residential MLS® # R3033399

VIRANI REAL ESTATE ADVISORS

$3,790,000

1197 Tall Tree Lane, North Vancouver

4 Beds 3 Baths 2,858 SqFt Residential MLS® # R3033395

Bellevue Realty Group

$1,898,000

3003 Sunnyhurst Road, North Vancouver

5 Beds 3 Baths 2,519 SqFt Residential MLS® # R3033370

Royal Pacific Realty (Kingsway) Ltd.

$2,499,000

1224 E 14th Street, North Vancouver

6 Beds 4 Baths 3,861 SqFt Residential MLS® # R3033307

RE/MAX Crest Realty

$2,588,000

2005 Larson Road, North Vancouver

4 Beds 4 Baths 3,057 SqFt Residential MLS® # R3033235

Royal LePage Sussex

$1,599,000

↓ $96,000

2268 Edgemont Boulevard, North Vancouver

2 Beds 1 Bath 762 SqFt Residential MLS® # R3033104

Oracle Realty Ltd.

$699,000

2004 Fullerton Avenue 1108, North Vancouver

2 Beds 1 Bath 864 SqFt Residential MLS® # R3033040

Royal Pacific Lions Gate Realty Ltd.

$1,028,000

733 E 3rd Street 407, North Vancouver

2 Beds 2 Baths 925 SqFt Residential MLS® # R3033004

88West Realty

$889,000

↓ $10,800

288 St. Davids Avenue 12, North Vancouver

2 Beds 2 Baths 865 SqFt Residential MLS® # R3032836

Oakwyn Realty Ltd.

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