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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$2,099,000

1427 Appin Road, North Vancouver

4 Beds 3 Baths 2,854 SqFt Residential MLS® # R3059250

Royal LePage Sussex

$1,549,000

650 E 2nd Street 201, North Vancouver

3 Beds 3 Baths 1,268 SqFt Residential MLS® # R3059235

Oakwyn Realty Ltd.

$1,778,000

1960 Glenaire Drive 19, North Vancouver

4 Beds 3 Baths 2,046 SqFt Residential MLS® # R3059227

Rossetti Realty Ltd.

$1,398,000

560 Raven Woods Drive 509, North Vancouver

3 Beds 2 Baths 1,616 SqFt Residential MLS® # R3059224

Rossetti Realty Ltd.

$2,798,000

826 E 13th Street, North Vancouver

7 Beds 6 Baths 4,106 SqFt Residential MLS® # R3059129

Royal LePage Sussex

$899,900

135 W 2nd Street 408, North Vancouver

2 Beds 2 Baths 845 SqFt Residential MLS® # R3059135

Stilhavn Real Estate Services

$2,398,800

1170 Kendal Place, North Vancouver

4 Beds 3 Baths 3,338 SqFt Residential MLS® # R3059110

VIRANI REAL ESTATE ADVISORS

$3,489,900

2140 Pemberton Avenue, North Vancouver

6 Beds 4 Baths 3,861 SqFt Residential MLS® # R3059039

eXp Realty

$1,998,000

1561 Merlynn Crescent, North Vancouver

4 Beds 2 Baths 2,453 SqFt Residential MLS® # R3059027

Oakwyn Realty Ltd.

$1,599,900

347 Seymour River Place, North Vancouver

4 Beds 3 Baths 1,868 SqFt Residential MLS® # R3059003

Fair Realty

$2,350,000

2020 Carson Court, North Vancouver

4 Beds 4 Baths 2,204 SqFt Residential MLS® # R3058988

Royal Pacific Realty (Kingsway) Ltd.

$4,498,000

4399 Highland Boulevard, North Vancouver

8 Beds 8 Baths 4,804 SqFt Residential MLS® # R3058986

Royal Pacific Realty Corp.

$1,779,000

188 Chesterfield Avenue, North Vancouver

3 Beds 3 Baths 1,989 SqFt Residential MLS® # R3058934

Stilhavn Real Estate Services

$1,499,000

3920 Indian River Drive, North Vancouver

3 Beds 4 Baths 1,760 SqFt Residential MLS® # R3058857

RE/MAX All Points Realty

$1,599,800

1205 Harold Road 102, North Vancouver

2 Beds 3 Baths 1,596 SqFt Residential MLS® # R3058878

FaithWilson Christies International Real Estate

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