Used 2022 Toyota Corolla for Sale nearThunder Bay, ON

How much does the 2022 Toyota Corolla cost?

Prices have softened 7.95% compared to this time last year, making it a favourable time to shop this model year.

There are 480 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2022 Toyota Corolla a good car?

Generally — the 2022 Toyota Corolla earns a 4.2/5 user rating and a 7.2/10 expert rating. The standout strength is Safety at 9/10.

Owners consistently praise its dependable design, practicality, and value for money, and many describe it as a solid car that is well worth the investment. The Corolla also fits buyers who want a reliable and sensible compact car with broad everyday usefulness, including multiple body styles and powertrain choices. On the downside, the expert review points to outdated technology and sluggish performance, while the design may not appeal to everyone.

With 31.3% of listings marked as good or great deals, the market still offers some room to shop carefully.

Is the 2022 Toyota Corolla reliable?

Owners rate it 4.2/5, a solid signal of long-term satisfaction.

The user feedback highlights dependable design and value for money, which are exactly the kinds of traits you want in a used compact car. The expert review also frames the Corolla as a reliable and sensible choice, with a reputation for durability and practicality. Toyota’s warranty coverage is in line with the segment, and the Corolla’s broad appeal suggests it should remain easy to live with over time.

For used buyers, the main long-term ownership risk is less about dependability and more about whether the car’s dated tech and modest performance will still suit your needs.

What should I look for when buying a used 2022 Toyota Corolla?

Key things to evaluate:

• Trim level: The Corolla sedan is available in L, LE, XLE, SE, and XSE grades, plus Apex Edition and Nightshade Edition versions of SE and XSE. The base L is the simplest version, while higher trims add more equipment and the SE/XSE models bring more aggressive styling. Cloth upholstery is standard, with SofTex leatherette available on some trim levels.
• Powertrain: The Corolla sedan gets a 1.8-litre four-cylinder engine in L, LE, and XLE trims, while SE and XSE models use a 2.0-litre four-cylinder. The smaller engine is paired with a CVT on most grades, while the base L comes with a six-speed manual. The 2.0-litre engine is also available with a six-speed manual or a CVT with paddle shifters.
• Safety package: Toyota Safety Sense 2.0 includes forward collision warning, automatic emergency braking, lane-departure warning with steering assist, automatic high beams, Lane Tracing Assist, adaptive cruise control, and traffic-sign recognition. Blind-spot monitoring with rear cross-traffic alert is standard from the Corolla LE.
• Infotainment: The base L gets a 7-inch touchscreen, while all other trim levels get an 8-inch touchscreen. Apple CarPlay, Android Auto, Bluetooth, SiriusXM satellite radio, and a six-speaker audio system are standard, but wireless Apple CarPlay and Android Auto are not offered.
• Fuel efficiency: The Corolla sedan with the 2.0-litre engine and CVT is rated at 7.9 L/100 km in city driving, 5.9 L/100 km on the highway, and 6.8 L/100 km combined. The manual-transmission SE Apex Edition is rated at 8.2 L/100 km city, 6.5 highway, and 7.4 combined.

Which 2022 Toyota Corolla trim should I buy?

The 2022 Toyota Corolla is offered in 7 trim levels: L, LE, XLE, SE, XSE, Apex Edition, Nightshade Edition.

Here's the short version:

• L: This is the most affordable way into the Corolla, and it still gives you the manual transmission, standard safety tech, and the core Corolla formula. It makes sense if you want the lowest entry price and can live with the smaller touchscreen and simpler equipment.
• LE: This is the best-value trim for many shoppers because it adds more everyday convenience while keeping the Corolla’s sensible character intact. It also unlocks blind-spot monitoring with rear cross-traffic alert, which is a useful safety upgrade.
• XLE: Choose this if you want a more upscale Corolla with the stronger equipment set and the available premium audio system. It suits you if comfort and features matter more than keeping the price as low as possible.
• SE: This is the trim to consider if you want the Corolla to feel a bit more engaging, with the 2.0-litre engine and sportier styling. It is a good fit if you want more character without moving into the top end of the range.
• XSE: This is the most fully equipped mainstream Corolla sedan, with the stronger engine and the richest feature set in the lineup. It is the right pick if you want the most complete Corolla experience and are willing to pay for it.
• Apex Edition: This is the most distinctive Corolla if you want the sportiest look and a sharper chassis tune. It is best for buyers who value appearance and handling feel more than outright comfort.
• Nightshade Edition: This is the style-focused choice if you want the SE’s basic formula with darker exterior treatment. It suits you if you want a more expressive look without stepping up to the highest trims.

Blind-spot monitoring with rear cross-traffic alert is standard from the Corolla LE.

Is now a good time to buy a used 2022 Toyota Corolla?

This is a moderate market for selective buyers, so it pays to compare listings carefully.

• Deal availability: 31.3% of listings are priced as good or great deals.
• Inventory: There are 480 listings available.
• Price trend: Prices have softened 7.95% compared with last year.

If you find a listing below $22,257 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2022 Toyota Corolla's resale value?

The current average of $22,287 CAD sits slightly below last year's $24,212 CAD.

That softer pricing can help you as a buyer today, but it also means future sellers may face a more competitive resale environment if prices stay under pressure. The Corolla’s broad appeal, practical reputation, and strong owner satisfaction should help support demand, even if the market remains price-sensitive. For sellers, that means condition, trim, and equipment will matter more when it comes time to list.

Vehicles with solid owner satisfaction ratings, like this model year's 4.2/5, tend to retain buyer demand, which supports resale value over time.

Is the 2022 Toyota Corolla safe?

The 2022 Toyota Corolla earns a Top Safety Pick+ award from the IIHS and a five-star overall safety rating from NHTSA, with five-star ratings in frontal and side crash tests and four-star ratings in rollover crash tests.

It earns a 9/10 safety score from our experts.

Toyota Safety Sense 2.0 is standard and includes forward collision warning, automatic emergency braking, lane-departure warning with steering assist, automatic high beams, Lane Tracing Assist, adaptive cruise control, and traffic-sign recognition. Blind-spot monitoring with rear cross-traffic alert is standard from the Corolla LE. The main caveat is that headlight ratings vary by trim level, with some versions receiving lower IIHS scores.

Should I buy a 2022 Toyota Corolla or consider a different year?

If you're weighing the 2022 against nearby model years, here's how to think about it:

Choose the 2022 if:

• 31.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.95% compared with last year.
• Owners rate it 4.2/5 — a solid satisfaction signal.
• The 2022 adds two new colours and keeps the Corolla’s broad mix of body styles, transmissions, and powertrain choices.

Consider the 2021 if:

• At $20,714 CAD, the 2021 costs less than the current year's $22,287 CAD average.
• It blends affordability, reliability, and efficiency with a more engaging driving character.

The bottom line: Choose the 2022 if you want the newer model-year pricing context and the same practical Corolla strengths. If your priority is saving money, the 2021 is the better value path, especially if you want a dependable compact car without paying the current-year average.

How does the 2022 Toyota Corolla compare to the 2022 Honda Civic?

Our experts score the 2022 Toyota Corolla 7.2/10 and the 2022 Honda Civic 7.7/10. The Civic edges ahead on expert score, engine output, and fuel economy, while the Corolla counters with a lower average used price and a stronger share of good and great deals. The Corolla also offers more listings in this comparison, which may make it easier for you to find the right configuration.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.