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

Sort by:
Lot 3 Sunshine Falls Lane, North Vancouver

$1,599,000

Lot 3 Sunshine Falls Lane, North Vancouver

0 Beds 0 Baths 0 SqFt Land MLS® # R3048245

Royal LePage Sussex - Edmonds AdvantageReal Estate Board of Greater Vancouver Logo

1677 Lloyd Avenue 313, North Vancouver

$782,000

1677 Lloyd Avenue 313, North Vancouver

2 Beds 2 Baths 823 SqFt Residential MLS® # R3048241

Team 3000 Realty Ltd.Real Estate Board of Greater Vancouver Logo

2020 Fullerton Avenue 1304, North Vancouver

$679,000

2020 Fullerton Avenue 1304, North Vancouver

2 Beds 2 Baths 1,010 SqFt Residential MLS® # R3044044

Multiple Realty Ltd.Real Estate Board of Greater Vancouver Logo

733 W 3rd Street 404, North Vancouver

$675,000

733 W 3rd Street 404, North Vancouver

1 Bed 1 Bath 623 SqFt Residential MLS® # R3048188

RE/MAX Masters RealtyReal Estate Board of Greater Vancouver Logo

903 E Keith Road, North Vancouver

$1,469,000

↓ $26,000

903 E Keith Road, North Vancouver

3 Beds 2 Baths 1,758 SqFt Residential MLS® # R3048174

RE/MAX Masters RealtyReal Estate Board of Greater Vancouver Logo

4755 Cove Cliff Road, North Vancouver

$2,098,000

4755 Cove Cliff Road, North Vancouver

4 Beds 2 Baths 2,415 SqFt Residential MLS® # R3048175

1NE Collective Realty Inc.Real Estate Board of Greater Vancouver Logo

575 E 17th Street, North Vancouver

$3,148,000

575 E 17th Street, North Vancouver

4 Beds 5 Baths 3,347 SqFt Residential MLS® # R3048176

The Partners Real EstateReal Estate Board of Greater Vancouver Logo

725 Marine Drive 206, North Vancouver

$739,000

725 Marine Drive 206, North Vancouver

2 Beds 2 Baths 774 SqFt Residential MLS® # R3048130

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

2867 Panorama Drive, North Vancouver

$2,998,800

2867 Panorama Drive, North Vancouver

4 Beds 4 Baths 3,406 SqFt Residential MLS® # R3048123

Coldwell Banker Prestige RealtyReal Estate Board of Greater Vancouver Logo

1689 Peters Road, North Vancouver

$1,649,000

1689 Peters Road, North Vancouver

2 Beds 1 Bath 1,406 SqFt Residential MLS® # R3048110

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

3873 Cates Landing Way 406, North Vancouver

$1,568,000

↓ $130,000

3873 Cates Landing Way 406, North Vancouver

3 Beds 2 Baths 1,249 SqFt Residential MLS® # R3048024

Sutton Group-West Coast RealtyReal Estate Board of Greater Vancouver Logo

531 Greenway Avenue, North Vancouver

$2,988,800

531 Greenway Avenue, North Vancouver

6 Beds 5 Baths 2,702 SqFt Residential MLS® # R3047972

RE/MAX Masters RealtyReal Estate Board of Greater Vancouver Logo

1501 Ostler Court, North Vancouver

$2,538,000

1501 Ostler Court, North Vancouver

5 Beds 4 Baths 3,426 SqFt Residential MLS® # R3047974

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

2020 Fullerton Avenue 306, North Vancouver

$649,800

2020 Fullerton Avenue 306, North Vancouver

2 Beds 2 Baths 1,015 SqFt Residential MLS® # R3047702

Royal Pacific Realty Corp.Real Estate Board of Greater Vancouver Logo

162 Victory Ship Way 804, North Vancouver

$1,275,000

162 Victory Ship Way 804, North Vancouver

2 Beds 2 Baths 1,066 SqFt Residential MLS® # R3047938

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

Posted by Adam Chahl on

Tags

Email Send a link to post via Email

Leave A Comment

e.g. yourwebsitename.com
Please note that your email address is kept private upon posting.