Many people who purchase a new condo at a sales centre let the builder's sales staff guide them through the entire process. However, there are many benefits to having your own REALTOR® assist you with the purchase instead, especially when that Realtor is a Certified Condominium Specialist (CCS).

It seems that every few months, a new story emerges from hot real estate markets like Toronto about a condo project being cancelled, leaving those who bought presale units scrambling to recovery their money and find another place to call home.

But what's the situation in Calgary, and what recourse do buyers here have if a project they've purchased in is cancelled?