Property and stocks reached all time highs in 2021 but just a few months into the new year and the economy has seen volatility and negative sentiment dominate the market, making Canadians appetite for risk lower in 2022.<\/p>
This rick-off attitude is clear with about one-third (32.6%) of Canadians saying their best option for 2022 is to simply hold their assets (i.e. cash on hand or in savings) outside of some of these more volatile or speculative markets, according to a survey of 1,200 Internet users.<\/p>
While fear of risk is likely a key reason for about one third of Canadians to not invest, another possible reason could be to hold assets for now and wait for a deeper market correction to take advantage of potentially lower prices in equities, real estate or digital assets later.<\/p>
Still, other assets are still popular, for example, the Canadian dream of home ownership remains alive and well, with more than a quarter of Canadians (28.2%) citing property as the second most popular for best investment choice of 2022.<\/p>
The third most popular asset class, particular with younger Canadians, is digital assets, with 15.2% of Canadians thinking crypto will preform the best in 2022.<\/p>