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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$2,380,000

↓ $210,000

5189 Madeira Court, North Vancouver

4 Beds 2 Baths 1,778 SqFt Residential MLS® # R2989061

LeHomes Realty Premier

$1,988,000

318 Sasamat Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2987675

LeHomes Realty Premier

$1,398,000

2688 Mountain Highway 6, North Vancouver

3 Beds 3 Baths 1,517 SqFt Residential MLS® # R2988413

RE/MAX Masters Realty

$3,698,000

5559 Indian River Drive, North Vancouver

5 Beds 6 Baths 5,800 SqFt Residential MLS® # R2987337

Laboutique Realty

$1,835,000

2325 Emery Court 502, North Vancouver

3 Beds 3 Baths 1,579 SqFt Residential MLS® # R2982494

FaithWilson Christies International Real Estate

$1,999,999

2336 Old Dollarton Road, North Vancouver

3 Beds 2 Baths 1,800 SqFt Residential MLS® # R2980199

Royal LePage Sussex

$1,099,000

↓ $67,000

199 Victory Ship Way 705, North Vancouver

2 Beds 2 Baths 941 SqFt Residential MLS® # R2974774

Panda Luxury Homes

$2,198,000

308 Sasamat Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2981204

LeHomes Realty Premier

$1,438,000

1675 Lions Gate Lane 1703, North Vancouver

2 Beds 2 Baths 1,034 SqFt Residential MLS® # R2984783

Royal Pacific Riverside Realty Ltd.

$1,498,000

112 E 13th Street 306, North Vancouver

2 Beds 2 Baths 1,051 SqFt Residential MLS® # R2982409

Royal Pacific Realty Corp.

$560,000

630 Roche Point Drive 306, North Vancouver

1 Bed 1 Bath 646 SqFt Residential MLS® # R2978985

Oracle Realty Ltd.

$4,898,000

690 E Windsor Road, North Vancouver

8 Beds 7 Baths 6,375 SqFt Residential MLS® # R2971515

Sutton Group-West Coast Realty (Surrey/120)

$2,100,000

442 W 14th Street, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2968322

RE/MAX Crest Realty

$500,000

Lot 5 Indian River Drive, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2967456

RE/MAX Select Properties

$500,000

Lot 4 Indian River Drive, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R2967442

RE/MAX Select Properties

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