Anyone know how these work in Canada, specifically Calgary, as to where to find them?

how these work?
Do you mean how does the process of judicature work or how does the process of buying one work.

I'm specifically looking for how to find them, where to look?

But that information on the process of buying them and everything else to do with foreclosures would be great.

Your local real estate agent is your best source. In the near future one agent will have access to all CMHC foreclosures but there is also individual institutions, and court ordered sales. These will generally be listed on MLS with an agent. When I know who gets the contract for the cmhc properties for Alberta I will post it.

What about the process of judicature?

Can you elaborate further on your question?

is there an established REO (real estate owned - foreclosed homes) industry in Canada similar to that in the US? And if there is, could anyone point me to some web sites of the major sellers of these types of homes.

Thank you.

These properties are marketed on MLS. Contact your local Realtor. Where I work we can handle the entire province of Alberta. Most financial institutions and court ordered sales also go through MLS.