Used 2023 Toyota Highlander for SaleNationwide

How much does the 2023 Toyota Highlander cost?

Prices have softened 10.99% compared to this time last year, making it a favourable time to shop this model year.

There are 235 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 Toyota Highlander a good car?

Yes — the 2023 Toyota Highlander earns a 4.75/5 user rating, and its appeal is rooted in being a practical, comfort-focused midsize SUV with strong reliability and safety credentials. It is especially well suited to you if you want a refined three-row family vehicle with standard all-wheel drive in Canada, useful cargo space, and a straightforward tech setup. The trade-off is that it prioritises comfort over excitement, so it makes the most sense if smooth everyday driving matters more than sporty handling. With 31.1% of listings marked as good or great deals, there is still decent market opportunity if you shop carefully.

Is the 2023 Toyota Highlander reliable?

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

The 2023 Highlander’s reputation is built around reliability and safety, and its standard Toyota Safety Sense suite adds to that confidence. It also keeps the formula simple with familiar, widely useful equipment and a comfort-first driving character. For used buyers, the main long-term ownership risk is less about complexity and more about choosing a well-maintained example that has been cared for consistently.

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

This is a moderate, selective buyer’s market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 31.1% of listings are priced as good or great deals.
• Inventory: There are 235 listings available.
• Price trend: Prices have softened 10.99% compared with last year.

If you find a listing below $43,659 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 $43,728 CAD sits slightly below last year's $49,129 CAD.

That decline suggests the market has already adjusted downward, which can help you as a buyer today but may temper near-term resale gains if you plan to sell soon. Even so, the Highlander’s strong reputation for reliability and practicality should help it remain broadly appealing to future shoppers. If you buy well now, you may be starting from a more favourable price point than owners did 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 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:

• 31.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.99% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $41,642 CAD, the 2022 costs less than the current year's $43,728 CAD average.
• It covers family-hauling basics well with useful versatility and standard safety equipment.

The bottom line: Choose the 2023 if you want the stronger current-market value story and are comfortable paying a bit more for the newer model year. If your priority is saving money upfront, the 2022 is the better path, especially if you find one in good condition with the features you need.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.