Used 2023 BMW X5 for Sale nearToronto, ON

How much does the 2023 BMW X5 cost?

Prices have softened 10.64% compared to this time last year, making it a favourable time to shop this model year.

There are 213 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 appeal as a luxury SUV that still puts driving feel at the centre of the experience. It gives you a roomy cabin, strong visibility, generous cargo space, and a practical two-row, five-passenger layout, while standard xDrive all-wheel drive in Canada and available inline-six or V8 engines broaden its appeal. If you want a premium SUV that can be configured for comfort, performance, or plug-in hybrid use, this model year fits that brief well. 31.5% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 BMW X5 reliable?

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

The 2023 X5’s overview also points to a few ownership cautions, including weaker reliability overall and higher running costs for V8-powered versions. For used buyers, that means long-term ownership risk is worth weighing carefully, especially if you plan to keep the vehicle for several years.

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

It looks like a moderate, selective buyer’s market, so you can afford to be patient and compare listings carefully.

• Deal availability: 31.5% of listings are priced as good or great deals.
• Inventory: There are 213 listings available.
• Price trend: Prices have softened 10.64% compared with last year.

If you find a listing below $55,148 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 $55,148 CAD sits slightly below last year's $61,712 CAD.

That price movement suggests the market has already adjusted downward, which can make the X5 easier to buy now but may also limit near-term upside for a future seller. If you purchase at the current average, your resale position will depend heavily on condition, mileage, and equipment. Well-kept examples should still benefit from the X5’s strong brand appeal and broad model 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:

• 31.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.64% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $71,575 CAD, the 2024 costs more than the current year's $55,148 CAD average.
• It adds about 63 kilometres of electric-only range in xDrive50e form.

The bottom line:
Choose the 2023 if you want the stronger value proposition and are shopping with price discipline. Consider the 2024 if you want the newer plug-in hybrid setup and are willing to pay a meaningful premium for it.

These recommendations are based on CarGurus' proprietary market data from October 6, 2026, CarGurus experts' opinions, and generative AI.