Used 2023 BMW X5 for Sale nearMontreal, QC

How much does the 2023 BMW X5 cost?

Prices have softened 12.69% compared to this time last year, making it a favourable time to shop this model year.

There are 216 listings available, which suggests you have a solid amount of inventory to compare.

Is the 2023 BMW X5 a good car?

Yes — 4.8/5 is a strong user rating for a luxury SUV that puts driving feel at the centre of the experience. The 2023 BMW X5 also gives you a roomy cabin, outstanding visibility, generous cargo space, and a polished eight-speed automatic, so it works well if you want a practical midsize SUV that still feels engaging on the road. Its standard xDrive all-wheel drive in Canada and broad drivetrain range add to its appeal if you want comfort and capability in one package. With 32.4% of listings marked as good or great deals, there is meaningful market opportunity if you shop carefully.

Is the 2023 BMW X5 reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

The 2023 BMW X5 is described as having reliability that is not a strong suit, so you should pay close attention to maintenance history and overall condition. A clean example with complete service records is the safer path for used buyers, especially if you want to reduce the risk of higher ownership costs later.

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 choosy without expecting every listing to be a bargain.

• Deal availability: 32.4% of listings are priced as good or great deals.
• Inventory: There are 216 listings available.
• Price trend: Prices have softened 12.69% compared with last year.

If you find a listing below $54,065 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 $54,348 CAD sits slightly below last year's $62,247 CAD.

That softer pricing can help you buy more confidently today, but it also means future resale values may stay under pressure if the market remains well supplied. For a seller, the current trend suggests you may need to price competitively to stand out, especially if your X5 does not have strong equipment or service documentation. Well-kept examples should still attract interest because the model has broad appeal and a strong driving reputation.

Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, 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:

• 32.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 12.69% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $71,061 CAD, the 2024 costs more than the current year's $54,348 CAD average.
• It adds a plug-in hybrid option with about 63 kilometres of electric-only range.

The bottom line:
The 2023 is the better starting point if you want the strongest value and a wide pool of used listings to compare. If you are price-sensitive, the 2023 makes more sense than moving up to the 2024, while shoppers who want the plug-in hybrid advantage may find the newer model worth the premium.

How does the 2023 BMW X5 compare to the 2023 Mercedes-Benz GLE?

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.