OTTAWA – The Canadian Real Estate Association says housing prices fell 9.8 per cent across Canada in November, and sales slipped 12.3 per cent compared to the same month last year.

The association said sales hit "the lowest level for monthly activity since January 2001."

It said sales were down in 85 per cent of markets from October, and prices were down in about 50 per cent of markets.

"The national decline reflects further declines in both activity and price in British Columbia, Alberta and Ontario."