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:
422 E 3rd Street 564, North Vancouver

$625,000

↓ $24,000

422 E 3rd Street 564, North Vancouver

1 Bed 1 Bath 545 SqFt Residential MLS® # R3042464

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

112 E 13th Street 1401, North Vancouver

$729,000

↓ $10,000

112 E 13th Street 1401, North Vancouver

1 Bed 1 Bath 617 SqFt Residential MLS® # R3042421

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

4885 Cove Cliff Place, North Vancouver

$4,699,000

4885 Cove Cliff Place, North Vancouver

4 Beds 4 Baths 3,234 SqFt Residential MLS® # R3042212

Nu Stream Realty Inc.Real Estate Board of Greater Vancouver Logo

444 Lonsdale Avenue 303, North Vancouver

$629,000

↓ $9,900

444 Lonsdale Avenue 303, North Vancouver

1 Bed 1 Bath 712 SqFt Residential MLS® # R3042190

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

4062 Norwood Avenue, North Vancouver

$3,049,000

4062 Norwood Avenue, North Vancouver

5 Beds 4 Baths 3,747 SqFt Residential MLS® # R3042180

RE/MAX Select PropertiesReal Estate Board of Greater Vancouver Logo

713 E St. James Road, North Vancouver

$1,380,000

713 E St. James Road, North Vancouver

2 Beds 1 Bath 1,117 SqFt Residential MLS® # R3042171

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

747 E 3rd Street 312, North Vancouver

$1,025,000

↓ $50,000

747 E 3rd Street 312, North Vancouver

2 Beds 2 Baths 1,060 SqFt Residential MLS® # R3042122

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

1910 Cedar Village Crescent 49, North Vancouver

$1,174,000

1910 Cedar Village Crescent 49, North Vancouver

4 Beds 2 Baths 1,787 SqFt Residential MLS® # R3042126

Macdonald Realty WestmarReal Estate Board of Greater Vancouver Logo

185 Victory Ship Way 501, North Vancouver

$2,099,000

185 Victory Ship Way 501, North Vancouver

2 Beds 3 Baths 1,474 SqFt Residential MLS® # R3042113

RE/MAX Crest RealtyReal Estate Board of Greater Vancouver Logo

277 E Braemar Road, North Vancouver

$1,899,000

↓ $51,000

277 E Braemar Road, North Vancouver

4 Beds 4 Baths 2,568 SqFt Residential MLS® # R3042087

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

4728 Underwood Avenue, North Vancouver

$2,050,000

↓ $75,000

4728 Underwood Avenue, North Vancouver

3 Beds 3 Baths 2,583 SqFt Residential MLS® # R3042104

Stilhavn Real Estate ServicesReal Estate Board of Greater Vancouver Logo

1025 Beaufort Road, North Vancouver

$1,699,000

↓ $30,000

1025 Beaufort Road, North Vancouver

5 Beds 3 Baths 2,375 SqFt Residential MLS® # R3042059

Royal LePage SussexReal Estate Board of Greater Vancouver Logo

5755 Nancy Greene Way, North Vancouver

$2,350,000

5755 Nancy Greene Way, North Vancouver

4 Beds 4 Baths 3,873 SqFt Residential MLS® # R3042038

RA Realty Alliance Inc.Real Estate Board of Greater Vancouver Logo

1550 Fern Street 1005, North Vancouver

$599,000

1550 Fern Street 1005, North Vancouver

1 Bed 1 Bath 625 SqFt Residential MLS® # R3041911

88West RealtyReal Estate Board of Greater Vancouver Logo

1852 Appin Road, North Vancouver

$1,598,800

↓ $100,000

1852 Appin Road, North Vancouver

5 Beds 2 Baths 2,230 SqFt Residential MLS® # R3041897

Coldwell Banker Prestige RealtyReal 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.