If you want to find Canadian stocks that can make you rich in ten years, you need to look beyond the next quarter and think about what gives a company the power to grow. These are companies that grow profits faster than inflation, allocate capital intelligently and can benefit from long-term tailwinds. That’s why today we’re looking at three solid Canadian stocks that fit the bill.
GOOD
WELL Health Technologies (TSX:WELL) is a digital health and healthcare technology company. It owns and operates outpatient clinics in Canada and the US, and provides software as a service (SaaS) and electronic medical records (EMR) and related digital tools to physicians. The strategy is to integrate physical healthcare resources (clinics) with digital healthcare infrastructure, creating network effects: more practitioners and patients lead to more data, better digital tools, more adoption, and so on.
If certain things go well, WELL has the ingredients to be a multi-bagger in ten years. In the second quarter of 2025, WELL reported revenues of $356.7 million, a 56.9% year-over-year growth rate. The growth trajectory is therefore real. Additionally, the SaaS, EMR, billing, and digital tools side has higher margins, recurring revenue, and more predictability. Digital health care, when applied broadly, offers economies of scale without costs always rising at the same rate.
This Canadian stock has many characteristics of a long-term compounder in the making. These include a growing revenue base, a bridge between physical and digital healthcare, undervalued valuation metrics, and multiple growth levers (EMR, artificial intelligence (AI), telemedicine, clinic integration). If execution is done well and risks are managed, it is possible for a ten-year investor to make significant gains.
CSH.UN
Another Canadian stock to consider is Chartwell Retirement Homes (TSX:CSH.UN). Chartwell is a major Canadian real estate trust for senior housing and long-term care. It owns and operates retirement communities, assisted living, supportive living and long-term care facilities in several provinces in Canada. It is paid out through monthly distributions, recently reporting $0.051 per share per month.
Canada (and many developed countries) is aging. Seniors are a growing population group. Demand for high-quality retirement, assisted care and long-term care facilities is likely to increase over the next decade. This gives Chartwell a structural tailwind. Moreover, Chartwell is actively engaged in acquisition and growth. For example, in 2025 it announced the acquisition of six retirement communities in Ontario to expand its footprint.
CSH.UN offers a combination of revenue and growth potential in a sector with long-term tailwinds. If distributions are reinvested, operational scale and margin improvements are achieved and the market revalues ​​the company upwards, total returns over ten years could be substantial.
DOL
Dollarama (TSX:DOL) may not seem flashy, but that’s exactly why it could quietly make long-term investors rich. It’s one of those Canadian growth machines that thrives no matter what happens in the economy, and has built a track record of growing profits, expanding margins and rewarding shareholders year after year. Over a ten-year period, these small wins can add up to something much bigger.
Dollarama operates more than 1,600 discount stores across Canada, selling low-cost everyday goods, from home goods to food, stationery and seasonal decorations. The Canadian stock’s most recent quarter proved that the story is still evolving. Revenue rose 11% year over year to $1.8 billion, while comparable sales rose 5.6%. Net income rose to $246 million, or $0.88 per share, from $245 million and $0.84 a year earlier.
Furthermore, it has gone global, expanding to Latin America via Dollarcity and to Australia via The Reject Shop. This ensures even more turnover growth and still remains the same stable company. From a valuation perspective, the stock is not cheap. But investors have paid for Dollarama for years, and the premium has always been justified. The company’s return on equity is above 600%, thanks to efficient capital deployment and buybacks. Over the past decade, Dollarama’s earnings per share have grown about 17% per year, and the stock price has followed suit.
In short
All three of these Canadian stocks tick all the boxes when it comes to creating wealth over the next decade. Moreover, each of them offers investors a varied combination. Whether it’s essential AI, low-cost retail or senior needs, together these offer a winning combination in any portfolio.
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