Canadian Undervalued Small Caps With Insider Buying

GDI Integrated Facility Services

Market Cap: CA$636.1m

Operates in the outsourced facility services industry in Canada and the United States.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$963.5m

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

Sagicor Financial

Market Cap: CA$1.2b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

AutoCanada

Market Cap: CA$791.7m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Blackline Safety

Market Cap: CA$615.3m

Develops, manufactures, and markets worker safety monitoring products and services in Canada, the United States, Europe, and internationally.

AirBoss of America

Market Cap: CA$139.8m

Manufactures and sells rubber-based products in Canada, the United States, and internationally.

Flagship Communities Real Estate Investment Trust

Market Cap: CA$667.0m

An unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust dated August 12, 2020 (as subsequently amended and restated, the “Declaration of Trust”) under the laws of the Province of Ontario.

Quarterhill

Market Cap: CA$133.4m

Operates in the intelligent transportation systems business in Canada and internationally.

Firm Capital Property Trust

Market Cap: CA$222.7m

Firm Capital Property Trust is focused on creating long-term value for Unitholders, through capital preservation and disciplined investing to achieve stable distributable income.

Pro Real Estate Investment Trust

Market Cap: CA$391.8m

PROREIT (TSX:PRV.UN) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

Lithium Americas

Market Cap: CA$1.1b

Focuses on developing, building, and operating of lithium deposits and chemical processing facilities in the United States and Canada.

Foran Mining

Market Cap: CA$1.8b

Engages in the acquisition, exploration, and development of mineral properties.

NorthWest Healthcare Properties Real Estate Investment Trust

Market Cap: CA$1.3b

Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe, and Australasia.

North American Construction Group

Market Cap: CA$559.4m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

Dye & Durham

Market Cap: CA$585.1m

Provides cloud-based software and technology solutions for law firms, financial service institutions, sole-practitioner law firms, and government organizations in Canada, Australia, South Africa, Ireland, and the United Kingdom.

Obsidian Energy

Market Cap: CA$586.5m

Engages in the exploration, development, and production of oil and natural gas properties in Western Canada.

Hammond Power Solutions

Market Cap: CA$1.4b

Engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India.