Ottawa (AFP) - Five people died overnight in a stabbing rampage at a house party held to mark the end of university classes in the Canadian city of Calgary, local media said Tuesday.

Police were reportedly called around 1:30 am to a home in a quiet suburban neighborhood where paramedics found three people dead. Two more died in hospital.

Public broadcaster CBC said all of the victims -- four men and one woman -- were in their late teens or 20s.

A suspect has been arrested after a chase involving police dogs, CBC said.

Authorities were not immediately available to comment.