Used 2016 Toyota Highlander for Sale nearToronto, ON

How much does the 2016 Toyota Highlander cost?

Prices have softened 9.51% compared to this time last year, making it a favourable time to shop this model year.

There are 77 listings available, which suggests a reasonable amount of inventory for shoppers comparing prices and trims.

Is the 2016 Toyota Highlander a good car?

Yes — the 4.93/5 user rating points to very strong owner satisfaction. Owners consistently praise its comfort, reliability, and the abundance of features it offers, and many also like the powerful V6 engine and smooth ride. For you, that makes it a sensible choice if you want a family-focused midsize SUV with a roomy, versatile cabin and a strong value proposition. With 32.5% of listings marked as good or great deals, there is still some market opportunity if you shop carefully.

Is the 2016 Toyota Highlander reliable?

Owners rate it 4.93/5, a strong signal of long-term satisfaction.

The owner feedback highlights reliability, dependability, and a vehicle that many people feel comfortable counting on over time. That matters if you want a used SUV that should be easier to live with day to day and less stressful to own in the long run. For used buyers, the main ownership risk is less about the Highlander’s core durability and more about finding one that has been maintained properly.

Is now a good time to buy a used 2016 Toyota Highlander?

This is a moderate market, so you can shop selectively without expecting a deep buyer’s market.

• Deal availability: 32.5% of listings are priced as good or great deals.
• Inventory: There are 77 listings available.
• Price trend: Prices have softened 9.51% compared with last year.

If you find a listing below $22,163 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota Highlander's resale value?

The current average of $22,163 CAD sits slightly below last year's $24,491 CAD.

That price movement suggests the market has cooled a bit, which can make the vehicle more attractive to buyers today but may limit upside for a future seller if prices stay soft. If you buy at the right price, you may reduce the risk of taking a bigger depreciation hit later. The Highlander’s broad appeal and reputation for comfort help support demand, even when the market shifts.

Vehicles with strong owner satisfaction ratings, like this model year's 4.93/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Toyota Highlander 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:

• 32.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.51% compared with last year.
• Owners rate it 4.93/5 — a strong satisfaction signal.

The bottom line: If you want a comfortable, practical, and well-liked midsize SUV, the 2016 is a strong primary choice, especially if you value owner satisfaction and a softer used-market price. If you are more price-sensitive, you should also compare nearby model years and focus on the best-maintained example rather than the newest badge alone.

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