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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$799,000

2325 Emery Court 802, North Vancouver

1 Bed 1 Bath 564 SqFt Residential MLS® # R2978745

Dracco Pacific Realty

$1,988,800

3424 Gaspe Place, North Vancouver

4 Beds 3 Baths 2,447 SqFt Residential MLS® # R2991729

Royal LePage Sussex

$879,900

22 Brighton Beach, North Vancouver

3 Beds 1 Bath 1,553 SqFt Residential MLS® # R2895195

Johnston Meier Insurance Agencies & Realty Ltd.

$1,649,900

433 E 3rd Street 112, North Vancouver

4 Beds 3 Baths 1,575 SqFt Residential MLS® # R2953349

RE/MAX Crest Realty

$1,549,900

433 E 3rd Street 203, North Vancouver

4 Beds 3 Baths 1,661 SqFt Residential MLS® # R2953352

RE/MAX Crest Realty

$1,549,900

433 E 3rd Street 202, North Vancouver

4 Beds 3 Baths 1,661 SqFt Residential MLS® # R2953351

RE/MAX Crest Realty

$1,619,900

433 E 3rd Street 111, North Vancouver

4 Beds 3 Baths 1,575 SqFt Residential MLS® # R2953348

RE/MAX Crest Realty

$1,499,900

427/429 E 3rd Street 106, North Vancouver

2 Beds 3 Baths 1,316 SqFt Residential MLS® # R2814299

RE/MAX Crest Realty

$1,609,900

433 E 3rd Street 105, North Vancouver

3 Beds 4 Baths 1,695 SqFt Residential MLS® # R2953343

RE/MAX Crest Realty

$1,619,900

433 E 3rd Street 110, North Vancouver

3 Beds 4 Baths 1,575 SqFt Residential MLS® # R2953345

RE/MAX Crest Realty

$1,309,000

↓ $56,160

680 Seylynn Cres 2007, North Vancouver

3 Beds 2 Baths 1,303 SqFt Residential MLS® # R2975732

Nu Stream Realty Inc.

$998,000

6 Brighton Beach, North Vancouver

3 Beds 2 Baths 1,057 SqFt Residential MLS® # R2989022

Babych Group Realty Vancouver Ltd.

$1,268,000

120 W 16th Street 701, North Vancouver

2 Beds 2 Baths 1,130 SqFt Residential MLS® # R2989824

RE/MAX Westcoast

$2,659,999

5344 Cliffridge Avenue, North Vancouver

4 Beds 4 Baths 3,177 SqFt Residential MLS® # R2962390

Homeland Realty

$750,000

1633 Mackay Avenue 317, North Vancouver

2 Beds 2 Baths 785 SqFt Residential MLS® # R2954930

Nu Stream Realty Inc.

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