Canadian home sales in November recorded their biggest decline since 2012, suggesting recent efforts by the federal government to cool the nation’s housing market is having an impact.

Sales fell 5.3 percent in November, the Canadian Real Estate Association said in a statement. Finance Minister Bill Morneau in October tightened qualification requirements for mortgage insurance, specifically to cool the Toronto market. The impact is being felt nation wide, the agency said.

Still, the average sales price of a home sold in Canada last month was up 2.3 percent.