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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$2,199,900

229 E 20th Street, North Vancouver

4 Beds 3 Baths 2,762 SqFt Residential MLS® # R3009972

Sutton Centre Realty

$2,599,000

2929 Dollarton Highway, North Vancouver

3 Beds 3 Baths 2,393 SqFt Residential MLS® # R3005206

Sutton Group-West Coast Realty

$434,000

↓ $5,000

2016 Fullerton Avenue 1006, North Vancouver

1 Bed 1 Bath 641 SqFt Residential MLS® # R3009605

Royal LePage Sussex

$1,845,000

1190 Strathaven Drive, North Vancouver

4 Beds 4 Baths 2,667 SqFt Residential MLS® # R3010925

RE/MAX City Realty

$4,199,000

4577 Capilano Road, North Vancouver

4 Beds 6 Baths 4,331 SqFt Residential MLS® # R3003393

Rennie & Associates Realty - Jason Soprovich

$6,498,888

3980 Norwood Avenue, North Vancouver

6 Beds 9 Baths 7,010 SqFt Residential MLS® # R3010719

RE/MAX City Realty

$999,800

1401 Hunter Street 1206, North Vancouver

2 Beds 2 Baths 945 SqFt Residential MLS® # R3004917

Oakwyn Realty Ltd.

$2,699,000

↓ $100,000

670 Montroyal Boulevard, North Vancouver

7 Beds 5 Baths 3,596 SqFt Residential MLS® # R3009726

88West Realty

$1,999,000

344 W 23rd Street, North Vancouver

4 Beds 2 Baths 1,745 SqFt Residential MLS® # R2994274

Macdonald Realty

$1,649,000

683 Victoria Park 304, North Vancouver

2 Beds 2 Baths 1,368 SqFt Residential MLS® # R2986735

Royal LePage - Wolstencroft

$6,999,888

5125 Indian River Drive, North Vancouver

5 Beds 3 Baths 2,463 SqFt Residential MLS® # R2995360

eXp Realty

$3,180,000

↓ $240,000

1617 W Grand Boulevard, North Vancouver

5 Beds 5 Baths 5,243 SqFt Residential MLS® # R2991440

Oakwyn Realty Ltd.

$179,900

Lot 6 Coldwell Beach, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3008771

Real Broker

$1,215,000

↓ $15,000

172 Victory Ship Way 905, North Vancouver

2 Beds 2 Baths 1,049 SqFt Residential MLS® # R3008567

Sutton Group-West Coast Realty

$13,980,000

668 Beachview Drive, North Vancouver

4 Beds 6 Baths 5,990 SqFt Residential MLS® # R3006578

Mizar Marketing Ltd.

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