Used 2023 BMW X5 for Sale near Thornhill, ON

How much does the 2023 BMW X5 cost?

Prices have softened 10.16% compared to this time last year, making it a favourable time to shop this model year.

There are 225 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 supports its appeal as a luxury SUV that blends everyday practicality with a distinctly driver-focused character. Its roomy cabin, easy outward visibility, generous cargo space, and standard xDrive all-wheel drive in Canada make it a strong fit if you want something upscale without giving up usefulness. The two-row, five-passenger layout and broad powertrain range also help it suit both daily commuting and more performance-minded driving. With 33.3% of listings marked as good or great deals, the market still offers some attractive opportunities.

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 better ownership outlook. Even so, it remains an expensive vehicle to own, especially if you choose a V8-powered version or plan to keep it for the long haul. For used buyers, the main risk is not just repairs, but the higher running costs that can come with premium parts, service, and fuel use.

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 and still find worthwhile listings.

• Deal availability: 33.3% of listings are priced as good or great deals.
• Inventory: There are 225 listings available.
• Price trend: Prices have softened 10.16% compared with last year.

If you find a listing below $55,863 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 $55,863 CAD sits slightly below last year's $62,183 CAD.

That price movement suggests the market has already adjusted downward, which can help you buy more confidently now, but it also means future resale gains may be more limited if depreciation continues at a similar pace. For a future seller, the current softness can be a reminder that timing and condition matter more when you eventually list the vehicle. Well-kept examples with desirable equipment should still hold attention better than average, especially in a segment where buyers expect a premium experience.

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:

• 33.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.16% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $70,400 CAD, the 2024 costs more than the current year's $55,863 CAD average.
• It adds about 63 kilometres of electric-only range in plug-in hybrid form.

The bottom line:
Choose the 2023 if you want the stronger value play and are comfortable shopping the used market for the right example. Consider the 2024 if you want the newer model year and are willing to pay a meaningful premium for its added efficiency and updated appeal.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.