Used 2023 BMW X5 for Sale nearKitchener, ON

How much does the 2023 BMW X5 cost?

Prices have softened 9.76% compared to this time last year, making it a favourable time to shop this model year.

There are 212 listings available, which suggests a healthy amount of inventory for you to compare.

Is the 2023 BMW X5 a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction. The 2023 BMW X5 suits you if you want a luxury SUV that keeps driving feel at the centre of the experience, while still offering a roomy cabin, strong visibility, and generous cargo space. Its standard xDrive all-wheel drive in Canada and choice of inline-six or V8 powertrains give it broad appeal, especially if you want something practical but still engaging to drive. With 39.2% of listings marked as good or great deals, there is also meaningful market opportunity if you shop carefully.

Is the 2023 BMW X5 reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 BMW X5 is described as having reliability that is not a strong point overall, so you should approach used examples with care. For long-term ownership, that means a thorough inspection and service-history review matter more than usual, especially if you are considering a higher-cost version.

Is now a good time to buy a used 2023 BMW X5?

This looks like a moderate, selective buyer’s market, so you can be patient and still find a solid example.

• Deal availability: 39.2% of listings are priced as good or great deals.
• Inventory: There are 212 listings available.
• Price trend: Prices have softened 9.76% compared with last year.

If you find a listing below $54,999 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 BMW X5's resale value?

The current average of $54,999 CAD sits slightly below last year's $60,944 CAD.

That price movement suggests the market has cooled, which can make the X5 easier to buy now but may also temper near-term resale upside. If you plan to sell later, the current softness means your return will depend more on condition, mileage, and equipment than on broad market momentum. Well-kept examples should still attract interest because the X5 remains a desirable luxury SUV with strong everyday appeal.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 BMW X5 or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 39.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.76% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $72,083 CAD, the 2024 costs more than the current year's $54,999 CAD average.
• It adds about 63 kilometres of electric-only range in xDrive50e form.

The bottom line:
You should lean toward the 2023 if you want the better value and are comfortable shopping carefully for condition and history. If you want the newer model’s plug-in hybrid efficiency and are willing to pay more, the 2024 is the stronger secondary path.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.