A bunch of good answers in this thread and troutman posted a previous thread that was pretty deep in the topic.
Based on the situation your parents should be all good. The real problem is forcing the buyer and getting money in time to close on their new place. I would have their realtor in Airdrie/Calgary talking to the seller seeing if they can postpone the possession and most likely adding some money to cover expenses/troubles. If the sellers are in a position where they need the money for their purchase it will get ugly.
Good luck!
|