Greater Vancouver posted the country's worst new home listings in November, the Canadian Real Estate Association said in a Monday news release.

The association reported that the metropolitan area had Canada's biggest decline in new home listings since October, with new supply falling to its lowest level in two years.

Greater Vancouver also contributed to a 1.7 per cent decline in monthly home sales nationally. The decline returned prices to August levels, just after the federal government introduced new mortgage rules that ramped down demand for housing.

"National sales activity has remained fairly steady at lower levels since mortgage rules were changed earlier this year, but that stability masks some real differences in trends among local housing markets," association president Wayne Moen said.

National home sales fell 11.9 per cent since 2011, with sales activity dropping in most urban centres except for Calgary, where it jumped 10.6 per cent.

Greater Vancouver also dragged down national home prices, which declined 0.8 per cent to $356,687 from 2011. Excluding Greater Vancouver and Greater Toronto from the national average price actually raised it by 3.2 per cent year-over-year.

The Greater Vancouver Home Price Index fell 1.7 per cent from last year while growing in Toronto (4.6 per cent), Calgary (7.1 per cent) and Montreal (1.9 per cent).

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  • West Vancouver - $10,000,000

    4344 Rockridge Dr.

  • West Vancouver - $10,000,000

    4344 Rockridge Rd.

  • West Vancouver - $10,000,000

    4344 Rockridge Rd.

  • West Vancouver - $10,000,000

    4344 Rockridge Rd.

  • Gibsons - $10,180,000

    1393 Port Mellon Hwy.

  • Gibsons - $10,180,000

    1393 Port Mellon Hwy.

  • Gibsons - $10,180,000

    1393 Port Mellon Hwy.

  • Gibsons - $10,180,000

    1393 Port Mellon Hwy.

  • Vancouver - $10,880,000

    6938 Adera St.

  • Vancouver - $10,880,000

    6938 Adera St.

  • Vancouver - $10,880,000

    6938 Adera St.

  • Vancouver - $10,880,000

    6938 Adera St.

  • Victoria - $10,900,000

    3480 Ripon Rd.

  • Victoria - $10,900,000

    3480 Ripon Rd.

  • Victoria - $10,900,000

    3480 Ripon Rd.

  • Victoria - $10,900,000

    3480 Ripon Rd.

  • West Vancouver - $10,998,000

    5770 Eagle Harbour Rd.

  • West Vancouver - $10,998,000

    5770 Eagle Harbour Rd.

  • West Vancouver - $10,998,000

    5770 Eagle Harbour Rd.

  • West Vancouver - $10,998,000

    5770 Eagle Harbour Rd.

  • Whistler - $11,499,000

    2290 Nordic Dr.

  • Whistler - $11,499,000

    2290 Nordic Dr.

  • Whistler - $11,499,000

    2290 Nordic Dr.

  • Whistler - $11,499,000

    2290 Nordic Dr.

  • Vancouver - $11,880,000

    3416 Cedar Cres.

  • Vancouver - $11,800,000

    3416 Cedar Cres.

  • Vancouver - $11,800,000

    3416 Cedar Cres.

  • Vancouver - $11,800,000

    3416 Cedar Cres.

  • North Saanich - $12,900,000

    9750 West Saanich Rd.

  • North Saanich - $12,900,000

    5790 West Saanich Rd.

  • North Saanich - $12,900,000

    9750 West Saanich Rd.

  • North Saanich - $12,900,000

    9750 West Saanich Rd.

  • Whistler - $12,900,000

    7473-7469 Treetop Lane

  • Whistler - $12,900,000

    7473-7476 Treetop Lane

  • Whistler - $12,900,000

    7473-7476 Treetop Lane

  • Whistler - $12,900,000

    7473-7476 Treetop Lane

  • Vancouver - $13,800,000

    1438 Balfour Ave.

  • Vancouver - $13,800,000

    1438 Balfour Ave.

  • Vancouver - $13,800,000

    1438 Balfour Ave.

  • Vancouver - $13,800,000

    1438 Balfour Ave.

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road

  • West Vancouver Waterfront - $10,800,000

    17 Strachan Point Road