The average price on a new house declined 0.3%, the federal agency said, as demand continued to cool across the national real estate market in the fall.
The dip continues the first reverse in home prices in more than a decade, following the 0.4% decline experienced in October.Yet the results varied from region to region, with some markets still witnessing considerable price increases.
St. John's recorded the largest annualized gain, with the value of a new home up more than 25% from 2007, a clip that narrowly outpaced Regina.
The monthly increase in St. John's was 3.4%.
In a sign that Saskatchewan is beginning to feel the bite of a recession it has largely avoided so far, home prices were flat in Regina in November while in Saskatoon prices continued to come down.
New home prices were down 0.5% in Saskatoon "confirming a trend of deceleration in this city," Statscan said. "Builders continued to report difficult market conditions."
The drops continued further west.
New home prices in Edmonton recorded a 12-month plunge of 7.9% - largest monthly decline since May 1985. Prices dipped 2.5% in Calgary.
On a monthly basis, prices fell 0.3% in Edmonton and 1.1% in Calgary between October and November.
On the West Coast, builders cut new home prices in Vancouver by 1.7% in November, a trend continued in Victoria, Statscan said.
Markets in Eastern Canada, which have shown more stable supply-demand conditions, continued to rise, Statscan said.
Compared with November 2007, contractors' selling prices were 4.3% higher in Ottawa and 2.0% higher in Toronto.
In Québec, the 12-month growth rate was 5.4%, while in Montréal, prices increased 4.6%, the agency said.
No market east of Saskatchewan experienced a month-to-month decline in new home prices.
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