Are you looking for a full time home or vacation home?
In addition to Tyler's response, I would add:
The seller may have negotiated a better mortgage payment with the bank and decided to keep the home. Currently many home owners are getting their mortgages adjusted through their lender to meet their ability to pay.
Thanks for the question.
Canceled or terminated for the Big Bear MLS means the property is no longer on the market for sale. As to what has happen exactly to that property, would need to know more info (MLS # or something). There are many things that could have happen to it - sold, back to the bank, owned took it off the market, listed with another agent and so on.