Used 2023 Toyota Highlander for SaleNationwide

How much does the 2023 Toyota Highlander cost?

Prices have softened 10.47% compared to this time last year, making it a favourable time to shop this model year.

There are 223 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Toyota Highlander a good car?

Yes — the 2023 Toyota Highlander earns a 4.8/5 user rating, which supports its appeal as a practical, comfort-focused midsize SUV. It offers a useful amount of cargo space, standard all-wheel drive in Canada, and a strong mix of gas and hybrid powertrains. If you want a quiet, well-equipped family SUV with everyday usefulness, this model year fits that brief well. With 32.3% of listings marked as good or great deals, you still have room to shop carefully.

Is the 2023 Toyota Highlander reliable?

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

The Highlander’s overview points to a long reputation for reliability, plus a straightforward focus on comfort, efficiency, and family practicality. Standard safety equipment and a proven utility-first formula add to its appeal if you plan to keep the vehicle for years. For used buyers, the main long-term ownership risk is less about durability and more about whether the vehicle’s driving character and infotainment setup suit your needs over time.

Is now a good time to buy a used 2023 Toyota Highlander?

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 32.3% of listings are priced as good or great deals.
• Inventory: There are 223 listings available.
• Price trend: Prices have softened 10.47% compared with last year.

If you find a listing below $43,246 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Toyota Highlander's resale value?

The current average of $43,246 CAD sits slightly below last year's $48,305 CAD.

That price movement suggests the market has cooled, which can help you buy more affordably now but may also limit upside if you plan to resell soon. Even so, the Highlander’s reputation for practicality and strong demand among family SUV shoppers should help it remain broadly appealing. If you buy well today, you may still have a solid audience when it comes time to sell.

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 Toyota Highlander 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:

• 32.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.47% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $41,149 CAD, the 2022 costs less than the current year's $43,246 CAD average.
• It covers the basics well with a versatile, family-focused setup.

The bottom line: Choose the 2023 if you want the newer model-year pricing trend, strong inventory, and broad family-friendly appeal. If your priority is saving money upfront, the 2022 is the better value play, especially if you can live with its older setup.

How does the 2023 Toyota Highlander compare to the 2023 Honda Pilot?

The Highlander is the more affordable option here, with more listings and a slightly better deal share. The Pilot brings more horsepower, but you’ll pay more for it. If you want stronger value and more inventory to choose from, the Highlander is the easier buy.

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.