Used 2023 Subaru Impreza for Sale nearWaterloo, ON

How much does the 2023 Subaru Impreza cost?

Prices have softened 5.82% compared to this time last year, making it a favourable time to shop this model year.

There are 126 listings available, which suggests a modest but workable amount of inventory for used shoppers.

Is the 2023 Subaru Impreza a good car?

Yes — the 2023 Subaru Impreza earns a 5/5 user rating, and its appeal is built around standard all-wheel drive, a practical compact-car layout, and a solid set of safety features in a mainstream package. It is especially relevant if you want a comfortable daily driver with standard AWD and broad everyday usefulness rather than flashier styling or outright performance. The market also shows 27.0% of listings as good or great deals, which gives you some room to shop selectively.

Is the 2023 Subaru Impreza reliable?

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

The 2023 Impreza is presented as a practical, well-rounded compact car with standard all-wheel drive and a comfortable driving experience. Its value proposition is strongest if you want dependable everyday usability and a mainstream feature set. For used buyers, the main long-term ownership risk is that examples with harder use or neglected maintenance may show the usual wear expected of an affordable compact car.

Is now a good time to buy a used 2023 Subaru Impreza?

This looks like a moderate buyer’s market, so you can be selective without expecting deep discounts on every listing.

• Deal availability: 27.0% of listings are priced as good or great deals.
• Inventory: There are 126 listings available.
• Price trend: Prices have softened 5.82% compared with last year.

If you find a listing below $22,813 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Subaru Impreza's resale value?

The current average of $23,466 CAD sits slightly below last year's $24,917 CAD.

That softer pricing can help you buy more carefully now, but it also means future sellers may face a more competitive market if values continue to ease. The Impreza’s standard all-wheel drive and practical positioning should help it stay relevant with used shoppers. If demand remains steady, well-kept examples should hold up better than less distinctive compact cars.

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

Should I buy a 2023 Subaru Impreza 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:

• 27.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.82% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2024 if:

• At $27,232 CAD, the 2024 costs more than the current year's $23,466 CAD average.
• It adds a revived RS trim for more driver excitement.

The bottom line:
Choose the 2023 if you want the better value and are focused on standard all-wheel drive, comfort, and everyday practicality. Consider the 2024 if you are willing to pay more for a newer take with extra appeal, especially if you want a bit more driving character.

How does the 2023 Subaru Impreza compare to the 2023 Honda Civic?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.