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:
1915 Chesterfield Avenue, North Vancouver

$1,848,000

1915 Chesterfield Avenue, North Vancouver

3 Beds 3 Baths 2,287 SqFt Residential MLS® # R3042793

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

4323 Gallant Avenue 203, North Vancouver

$878,000

4323 Gallant Avenue 203, North Vancouver

2 Beds 2 Baths 1,101 SqFt Residential MLS® # R3042752

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

271 Montroyal Boulevard, North Vancouver

$2,698,000

271 Montroyal Boulevard, North Vancouver

5 Beds 4 Baths 3,506 SqFt Residential MLS® # R3042731

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

1949 Mahon Avenue, North Vancouver

$1,949,900

1949 Mahon Avenue, North Vancouver

6 Beds 3 Baths 2,637 SqFt Residential MLS® # R3042717

Royal Pacific Lions Gate Realty Ltd.Real Estate Board of Greater Vancouver Logo

995 Roche Point Drive 406, North Vancouver

$1,099,000

995 Roche Point Drive 406, North Vancouver

2 Beds 2 Baths 1,198 SqFt Residential MLS® # R3042651

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

3945 Braemar Place, North Vancouver

$2,888,800

3945 Braemar Place, North Vancouver

6 Beds 5 Baths 5,114 SqFt Residential MLS® # R3042672

Sincere Real Estate ServicesReal Estate Board of Greater Vancouver Logo

950 Seymour Boulevard, North Vancouver

$2,480,000

950 Seymour Boulevard, North Vancouver

3 Beds 3 Baths 2,433 SqFt Residential MLS® # R3041738

Sutton Group-West Coast Realty (Surrey/24)Real Estate Board of Greater Vancouver Logo

139 W 22nd Street 304, North Vancouver

$845,000

139 W 22nd Street 304, North Vancouver

2 Beds 2 Baths 875 SqFt Residential MLS® # R3042630

Engel & Volkers VancouverReal Estate Board of Greater Vancouver Logo

346 E 5th Street, North Vancouver

$2,349,000

↓ $150,000

346 E 5th Street, North Vancouver

6 Beds 4 Baths 3,571 SqFt Residential MLS® # R3042596

Babych Group Realty Vancouver Ltd.Real Estate Board of Greater Vancouver Logo

120 W 2nd Street 2901, North Vancouver

$3,800,000

120 W 2nd Street 2901, North Vancouver

3 Beds 3 Baths 2,328 SqFt Residential MLS® # R3042571

Rennie & Associates Realty Ltd.Real Estate Board of Greater Vancouver Logo

346 E 5th Street, North Vancouver

$2,349,000

↓ $150,000

346 E 5th Street, North Vancouver

6 Beds 4 Baths 3,571 SqFt Residential MLS® # R3042588

Babych Group Realty Vancouver Ltd.Real Estate Board of Greater Vancouver Logo

3875 Regent Avenue, North Vancouver

$1,925,000

3875 Regent Avenue, North Vancouver

4 Beds 3 Baths 2,538 SqFt Residential MLS® # R3042580

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

1320 Chesterfield Avenue 1706, North Vancouver

$920,000

↓ $15,000

1320 Chesterfield Avenue 1706, North Vancouver

2 Beds 2 Baths 941 SqFt Residential MLS® # R3042567

Royal Pacific Lions Gate Realty Ltd.Real Estate Board of Greater Vancouver Logo

230 E 28 Street, North Vancouver

$2,189,000

230 E 28 Street, North Vancouver

3 Beds 2 Baths 2,026 SqFt Residential MLS® # R3042491

Oakwyn Realty Ltd.Real Estate Board of Greater Vancouver Logo

1685 Hope Road, North Vancouver

$1,699,000

1685 Hope Road, North Vancouver

3 Beds 3 Baths 1,757 SqFt Residential MLS® # R3042500

Orca Realty Inc.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.