Used 2023 BMW X5 for Sale nearScarborough, ON

How much does the 2023 BMW X5 cost?

Prices have softened 11.49% compared to this time last year, making it a favourable time to shop this model year.

There are 214 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 BMW X5 a good car?

Yes — the 2023 BMW X5 earns a 4.75/5 user rating, which lines up with its role as a luxury SUV that blends everyday practicality with a distinctly driver-focused character. It gives you a roomy, comfortable cabin, strong outward visibility, and generous cargo space, so it works well if you want something upscale without giving up usefulness. In Canada, standard xDrive all-wheel drive adds confidence for year-round driving, and the two-row layout keeps the cabin straightforward and spacious. With 32.7% of listings marked as good or great deals, there is also a healthy share of market value to consider.

Is the 2023 BMW X5 reliable?

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

The 2023 X5 is described as generally viewed more favourably for reliability than older versions, which is encouraging if you want a used luxury SUV with a stronger reputation than some past BMWs. Even so, ownership still tends to be expensive, especially with V8-powered versions, so your long-term costs can rise quickly if you choose a more complex trim. For used buyers, the main risk is not just repairs, but the higher cost of maintaining a premium SUV over time.

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

This looks like a moderate, selective buyer’s market, so you can shop carefully without feeling rushed.

• Deal availability: 32.7% of listings are priced as good or great deals.
• Inventory: There are 214 listings available.
• Price trend: Prices have softened 11.49% compared with last year.

If you find a listing below $55,159 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 $55,204 CAD sits slightly below last year's $62,373 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently today. For a future seller, it also means resale expectations should stay realistic unless the vehicle is especially well equipped or exceptionally maintained. Because the model still has strong appeal as a practical luxury SUV, demand should remain solid even if pricing stays softer than it was a year ago.

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:

• 32.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 11.49% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $70,955 CAD, the 2024 costs more than the current year's $55,204 CAD average.
• It adds a plug-in hybrid xDrive50e with about 63 kilometres of electric-only range.

The bottom line: The 2023 is the better starting point if you want the strongest mix of value, practicality, and broad appeal. If you are price-sensitive, the 2023 gives you a much lower entry point while still delivering the X5’s core strengths. If you want the newer plug-in hybrid option and can justify the higher price, the 2024 is the better alternative.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.