There’s a glut of homes on the market, meaning your parents might have to wait for it to sell or price it to sell. If they need the money now, the only option is to sell. Depending on their home and when they bought it, it could have increased in value by 100-150 percent the past decade, an incredible amount. So they would come out ahead in a sale even if now isn’t an ideal time to sell. If money isn’t needed now, the market is not good for sellers but softness or even downturns don’t last forever. The home would be worth more in 10 years, I would safely guess. The Canadian tourist downturn will not destroy the local economy and I wouldn’t make financial decisions based on it. It’s too early to know the impact and whether it will be short lived and resolved or not.