If you’re looking to invest but don’t have a large amount to start with, or you want exposure to companies early in their growth journey, small-cap stocks trading under $10 can offer compelling opportunities. These stocks often fly under the radar but can deliver solid returns over time. Here are three Canadian stocks under $10 that I believe deserve a spot on your watchlist today.
BlackBerry Ltd.
Most investors remember BlackBerry Ltd. (TSX:BB) as the iconic smartphone maker or, more recently, as a meme stock that soared above $30 before quickly retreating. However, today’s BlackBerry is a completely different company — and a far more exciting one.
BlackBerry has reinvented itself as a leader in software-defined vehicle technology, a rapidly growing market segment. Approximately 20% of vehicles produced today are considered advanced software vehicles, and BlackBerry commands over 90% market share in this category through its QNX platform. The company’s recent financial results beat expectations, reflecting improving fundamentals and growing demand for its automotive and cybersecurity software. Analysts expect earnings per share of $0.14 this fiscal year, up sharply from $0.02 last year, signaling strong momentum ahead.
Also Read: Canadian stocks to buy 2025
Northwest Healthcare Properties REIT
Northwest Healthcare Properties REIT (TSX:NWH.UN) is another stock under $10 that offers a compelling mix of income and stability. With a dividend yield of 7.1%, the REIT provides investors with attractive passive income supported by a resilient business model. Its diversified portfolio of medical office buildings and healthcare facilities continues to benefit from an aging population and long-term demographic tailwinds.
Northwest’s fundamentals are improving as well. The Bank of Canada’s recent interest rate cut to 2.25% reduces borrowing costs, a key positive for real estate trusts. The company boasts a 97% occupancy rate, an average lease term of 13.5 years, and 84% of leases tied to rent indexation, providing visibility into stable cash flows. In the second quarter, Northwest achieved a 20% increase in adjusted funds from operations, lower debt levels, and a reduced payout ratio — signaling continued financial progress ahead of its Q3 results on November 12.
Also Read: Long term investing in Canada
Well Health Technologies Ltd.
Finally, Well Health Technologies Ltd. (TSX:WELL) remains a standout in Canada’s fast-growing healthtech sector. The company continues to post impressive results as it advances its mission to digitize healthcare delivery.
In the latest quarter, revenue rose 57% to $356.7 million, EPS reached $0.10, and free cash flow climbed 34% to $11.7 million. Over the past year, the stock gained 14%, trading at $5.04, and analysts expect 2025 EPS of $0.32, up from $0.13 in 2024 — an incredible 146% growth rate. Currently valued at 15 times this year’s earnings and 13 times next year’s, Well Health looks undervalued given its consistent expansion and growing profitability. The company will report its Q3 results on November 6.
The Bottom Line
These three stocks under $10 represent a mix of growth and income potential. BlackBerry and Well Health offer higher-risk, high-reward exposure to cutting-edge technology sectors, while Northwest Healthcare Properties REIT provides stability and reliable dividends. Together, they showcase the diverse opportunities available to Canadian investors looking to build wealth with affordable, long-term investments.
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