We recently had the pleasure of sitting down with Melanie Murray, founder of NextStep Advisory Solutions, to talk about what individuals and families should consider when thinking about downsizing and preparing for retirement living. With over two decades of experience in commercial banking and real estate—and a deeply personal understanding of the emotional journey that comes with transitioning to a new stage of life—Melanie brings both expertise and empathy to her work. After guiding her own parents through the complexities of leaving their long-time family home, she recognized a gap in the kind of support families truly need during these pivotal moments. Through NextStep, Melanie now helps others navigate these transitions with clarity, confidence, and compassion. In our conversation, she shared valuable insights into why planning ahead matters, what makes the current moment unique, and how to approach this next chapter with intention and peace of mind.
Embracing the Next Chapter with Confidence
Q: Why do you believe now is the right time for people to start thinking about retirement living?
A: As the world continues to shift, so too does the way we think about aging—and the homes we live in. With the oldest baby boomers turning 80 this year, we’re heading into a period of significant change. Demand for retirement living is expected to surge. For many people, the best time to plan for the future is now—while they still have the freedom, clarity, and choice to shape what that next chapter looks like.
Q: Given the current headlines, some people are nervous about the real estate market. What would you say to those who are unsure if now is a good time to sell?
A: That’s a fair concern—but the reality is quite positive, especially here at home. Despite global economic concerns, the Victoria real estate market has remained steady. In fact, the Victoria Real Estate Board reported a slight year-over-year increase in single-family home sales in May 2025, and active listings are up over 11%. This means more choice for buyers, while still keeping demand strong. Dirk VanderWal, VREB Chair, even said the current pace is “a little boring to report on,” but much more comfortable for buyers and sellers compared to past years. For homeowners, it means that property values have often held or even increased, which makes now an opportune time to sell and access the equity built up over decades.
Q: What happens if people wait too long to make a decision about moving?
A: That’s one of the biggest risks. As more people begin to downsize or transition to retirement living, we could see an influx of available properties, which might soften prices. Acting now allows you to make the most of the current market and gives you first pick of retirement options—before demand really spikes.
Q: You mentioned something about a “smart timing advantage.” Can you expand on that?
A: Absolutely. We’re in a rare moment demographically—baby boomers are aging, but the number of quality retirement communities hasn’t kept pace. That mismatch is expected to limit availability and drive prices higher in the coming years. Moving now means you can choose the layout, location, and lifestyle that fits you—rather than being limited to what’s left. Many communities also allow for smooth transitions from independent living to additional support as needed, so you can age in place with peace of mind and continuity.
Q: That makes a lot of sense. Can you share an example of someone who made this move proactively?
A: Of course. I recently worked with a vibrant 76-year-old woman who had lost her husband. Her longtime home had become more of a burden—it needed constant upkeep, and she wasn’t able to enjoy her time the way she wanted. Instead of waiting for a crisis, she chose to move while she was still in control. She picked her community, her lifestyle, and envisioned the next 25+ years on her own terms. Now she’s surrounded by new friends, settled into a home that suits her life, and she’s truly thriving. Most importantly, she has the peace of mind that comes from making her own decisions—and her children won’t have to make them for her later.
Q: Some people still have outdated perceptions of what retirement living looks like. How would you describe it today?
A: Retirement living today is completely different from the institutional “nursing homes” of 30 years ago. These are vibrant, welcoming communities designed to support living well. You’ll find beautifully designed spaces—libraries, lounges, pubs, gardens—and activities ranging from fitness and meditation to art workshops and games like mahjong. It’s a lifestyle rooted in wellness, connection, and purpose.
Q: What role does community play in all this?
A: Community is everything. Retirement living enhances your independence by offering support where it’s needed and connection where it’s wanted. You’re surrounded by like-minded people, supported by a team that cares, and you have access to great meals, wellness services, and a full social calendar. It’s not just about aging—it’s about thriving.
Q: What about affordability? People often assume it’s expensive.
A: That’s a common misconception. When you consider the costs of groceries, home maintenance, utilities, and transportation, many are surprised to find retirement living can actually be quite cost-effective. Plus, you gain so much in return—convenience, support, peace of mind, and lifestyle.
Q: For those still on the fence, what would your final message be?
A: Don’t wait for a crisis to shape your future. Make the move while you still have every option available to you. Retirement living today is about vitality, freedom, and choice. It’s waking up in a beautiful place, sharing meals and laughs with new friends, and living on your own terms. This isn’t the end of the road—it’s the beginning of a vibrant, intentional chapter. One where you get to write the story.