Canadian Inflation (June 2025) – July 15, 2025

Date Published: July 15, 2025

Canadian prices, as measured by the Consumer Price Index (CPI), rose 1.9 per cent on a year-over-year basis in June, up from a 1.7 per cent increase in May. Month-over-month, on a seasonally adjusted basis, the CPI was up 0.2 per cent in June.

Upward pressure on headline inflation was largely driven by a slower fall in gasoline prices year-over-year compared to May, along with higher price growth for durable goods (2.7 per cent). Additionally, shelter price growth continues to cool, with prices growing by 2.9 per cent in June, slightly down from 3.0 per cent in May.

Furthermore, the CPI excluding energy rose by 2.7 per cent in June. Food purchased in grocery stores rose at a slower pace of 2.8 per cent year-over-year compared to 3.3 per cent the previous month. In British Columbia, consumer prices rose 2.1 per cent year-over-year in June, down from 2.3 per cent in May.

The Bank of Canada's preferred measures of inflation—median and trimmed CPI, which strip out volatile components—are currently at 3.1 per cent and 3.0 per cent year-over-year, respectively.

Outlook and Policy Implications

June's CPI report illustrates ongoing upward pressure on prices despite monthly fluctuations in headline inflation. The Bank of Canada's core measures of inflation remain at the upper end—and even outside—of their target range, likely due to the price impacts of tariffs on major Canadian industries.

Moreover, Canada remains vulnerable to further price acceleration with renewed tariff threats from the United States. Taken together, this report favours a rate hold from the Bank during its July meeting, as they have repeatedly signalled hesitancy to enact policy that may accelerate inflation beyond neutral levels amidst immense uncertainty concerning trade policy.

MLS® Listings in North Vancouver | Homes for Sale

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Newest First

$1,729,000

2070 Curling Road 109, North Vancouver

4 Beds 3 Baths 1,831 SqFt Residential MLS® # R3047197

Royal LePage West Real Estate Services

$528,800

145 St. Georges Avenue 1605, North Vancouver

1 Bed 1 Bath 579 SqFt Residential MLS® # R3047151

Royal LePage Sussex - Edmonds Advantage

$1,138,000

↓ $40,000

1295 Conifer Street 105, North Vancouver

2 Beds 2 Baths 1,059 SqFt Residential MLS® # R3047155

Royal Pacific Realty Corp.

$1,495,000

↓ $100,000

442 W 23rd Street, North Vancouver

4 Beds 2 Baths 1,910 SqFt Residential MLS® # R3047126

Magsen Realty Inc.

$569,000

1320 Chesterfield Avenue 1208, North Vancouver

1 Bed 1 Bath 524 SqFt Residential MLS® # R3047061

RE/MAX Crest Realty

$2,980,000

246 W 5th Street, North Vancouver

10 Beds 6 Baths 4,030 SqFt Residential Income MLS® # R3047005

Sutton Group-West Coast Realty

$1,899,000

1184 Riverside Drive, North Vancouver

4 Beds 4 Baths 3,140 SqFt Residential MLS® # R3046987

Angell, Hasman & Associates Realty Ltd.

$785,000

118 E 2nd Street 403, North Vancouver

2 Beds 2 Baths 922 SqFt Residential MLS® # R3046977

RE/MAX Crest Realty

$884,900

405 Marie Place 502, North Vancouver

2 Beds 2 Baths 784 SqFt Residential MLS® # R3046963

Prominent Real Estate Services

$1,349,000

↓ $81,000

2358 Western Avenue 16, North Vancouver

3 Beds 4 Baths 1,816 SqFt Residential MLS® # R3046924

Macdonald Realty (Surrey/152)

$1,094,900

405 Marie Place 409, North Vancouver

3 Beds 2 Baths 963 SqFt Residential MLS® # R3046943

Prominent Real Estate Services

$10,880,000

828 Beachview Drive, North Vancouver

9 Beds 12 Baths 12,964 SqFt Residential MLS® # R3046935

1NE Collective Realty Inc.

$679,900

405 Marie Place 101, North Vancouver

0 Beds 1 Bath 601 SqFt Residential MLS® # R3046920

Prominent Real Estate Services

$1,639,800

↓ $18,200

215 W 18th Street, North Vancouver

3 Beds 3 Baths 1,659 SqFt Residential MLS® # R3046882

Sutton Group-West Coast Realty

$2,398,000

5685 Nancy Greene Way, North Vancouver

4 Beds 4 Baths 4,256 SqFt Residential MLS® # R3046848

Rossetti Realty Ltd.

Prev

1 33 34 35 36 37 38 39 69

Next