The survey was conducted in December 2021 for the Finder Retail Investor Sentiment Report before the conflict in Ukraine, which is causing turmoil in global financial markets.
Rate of interest
Men generally favor cash compared to women (who favor real estate), which may be surprising given the effect of inflation on cash holdings.
Finder’s Nicole McKnight says women’s interest in real estate may be due to the current low interest rates.
“It’s possible that they want to buy a new home or refinance their mortgage while interest rates are still relatively low before the Bank of Canada raised the rate overnight,” she said. “Another possibility is they can believe that real estate prices will continue to rise until 2022, which is a possibility.”
Interest rates in Canada could rise until tomorrow (March 2).