Used 2016 Honda CR-V for Sale nearPeterborough, ON

How much does the 2016 Honda CR-V cost?

Prices have softened 9.98% compared to this time last year, making it a favourable time to shop this model year.

There are 467 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2016 Honda CR-V a good car?

Yes — the 4.53/5 user rating points to strong owner satisfaction. Owners consistently praise its reliability, comfortable interior, and good fuel economy, while also highlighting its spaciousness and useful features. For you, that makes it a sensible choice if you want a practical compact crossover for daily use, family duty, and value-focused ownership. With 26.8% of listings marked as good or great deals, there is still some room to shop carefully.

Is the 2016 Honda CR-V reliable?

Owners rate it 4.53/5, a strong signal of long-term satisfaction.

The owner feedback repeatedly points to reliability, and it also describes the CR-V as dependable and good for long-term use. That lines up well with its reputation for trouble-free ownership and low-stress commuting. For used buyers, the main long-term risk is less about outright durability and more about finding one that has been maintained properly and not worn down by years of family use.

Is now a good time to buy a used 2016 Honda CR-V?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you are patient.

• Deal availability: 26.8% of listings are priced as good or great deals.
• Inventory: There are 467 listings available.
• Price trend: Prices have softened 9.98% compared with last year.

If you find a listing below $15,864 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Honda CR-V's resale value?

The current average of $15,864 CAD sits slightly below last year's $17,622 CAD.

That softer pricing suggests future sellers may face a more competitive market than they would have a year ago. If you buy at the right price and keep the vehicle in strong condition, you may be better positioned to limit depreciation later. The CR-V’s practical appeal and broad buyer interest should help support demand, even if the market remains price-sensitive.

Vehicles with strong owner satisfaction ratings, like this model year's 4.53/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Honda CR-V or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 26.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.98% compared with last year.
• Owners rate it 4.53/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $14,873 CAD, the 2015 costs less than the current year's $15,864 CAD average.
• It offers a roomy, practical package with broad everyday appeal.

The bottom line:
The 2016 is the better pick if you want the stronger current-market balance of price, owner satisfaction, and shopping flexibility. If your priority is spending less upfront, the 2015 is the more budget-friendly alternative and still delivers the CR-V’s core strengths.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.