Calgary Foreclosure Real Estate and Homes For Sale. In a city the size of Calgary there is a steady supply of foreclosures for sale. People stop paying the mortgage for many different reasons. When that happens the banks and courts take over. Most times the homes are in great condition and are sold for close to fair market value. Sometimes the homes are in really rough shape and require a lot of repairs. Foreclosed homes in Calgary range in price from under $100,000 to many millions. Buying a Calgary Foreclosure is no sure thing bargain. If buying foreclosures was a sure thing bargain, there would be no foreclosures for sale. As a Foreclosure Buyer you still need to do your research and know what the deal and risks are. Contact Us For More Information about Foreclosures in Calgary.