Driven by dropping inventories, a new report shows prices across housing types in Calgary have seen strong growth over the last year.

According to the Royal LePage House Price Survey and Market Survey Forecast, detached bungalows increased by 5.9 per cent year-overyear to $457,889, while condos saw an increase of 6.0 per cent to $261,933. The greatest price growth occurred in the standard two-storey home sector, where prices increased 6.7 per cent to $453,789.