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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$699,000

↓ $50,000

225 W 3rd Street 309, North Vancouver

2 Beds 1 Bath 763 SqFt Residential MLS® # R3019964

Nationwide Realty Corp.

$1,282,000

1471 Hunter Street 314, North Vancouver

3 Beds 3 Baths 1,538 SqFt Residential MLS® # R3019308

Royal LePage Sussex

$1,499,000

316 Sasamat Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3018482

Oakwyn Realty Ltd.

$769,000

↓ $26,000

128 E 8th Street 207, North Vancouver

2 Beds 1 Bath 728 SqFt Residential MLS® # R3018291

One Percent Realty Ltd.

$759,000

↓ $10,000

1519 Crown Street 309, North Vancouver

2 Beds 2 Baths 769 SqFt Residential MLS® # R3017774

Luxmore Realty

$1,347,000

↓ $28,000

1075 Gladwin Drive, North Vancouver

2 Beds 2 Baths 1,210 SqFt Residential MLS® # R3017614

Oakwyn Realty Ltd.

$3,085,000

↓ $100,000

1241 Coleman Street, North Vancouver

6 Beds 5 Baths 4,077 SqFt Residential MLS® # R3017481

Oakwyn Realty Ltd.

$2,990,000

↓ $190,000

1273 Eldon Road, North Vancouver

6 Beds 4 Baths 4,235 SqFt Residential MLS® # R3017331

Angell, Hasman & Associates Realty Ltd.

$59,000

24 E Of Croker Island, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3017028

Babych Group Realty Vancouver Ltd.

$880,000

1679 Lloyd Avenue 509, North Vancouver

2 Beds 2 Baths 934 SqFt Residential MLS® # R3016111

Royal Pacific Lions Gate Realty Ltd.

$2,999,000

1840 Mountain Highway, North Vancouver

3 Beds 2 Baths 2,806 SqFt Residential MLS® # R3015895

88West Realty

$2,999,000

1320 E 18th Street, North Vancouver

5 Beds 6 Baths 3,248 SqFt Residential MLS® # R3015932

88West Realty

$799,000

2780 Valley Centre Avenue 510, North Vancouver

1 Bed 1 Bath 651 SqFt Residential MLS® # R3015935

Laboutique Realty

$3,388,000

586 Silverdale Place, North Vancouver

10 Beds 7 Baths 5,263 SqFt Residential MLS® # R3015542

Multiple Realty Ltd.

$1,699,000

↓ $46,000

181 W Windsor Road, North Vancouver

3 Beds 2 Baths 1,700 SqFt Residential MLS® # R3015656

Team 3000 Realty Ltd.

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