Used 2024 Toyota Corolla for Sale nearNorth York, ON

How much does the 2024 Toyota Corolla cost?

Prices have softened 9.60% compared to this time last year, making it a favourable time to shop this model year.

There are 477 listings available, which suggests a solid level of inventory for shoppers comparing options.

Is the 2024 Toyota Corolla a good car?

Yes — the 2024 Toyota Corolla earns a 5/5 user rating, which points to strong owner satisfaction. It stands out because it combines the Corolla’s long-running reputation for practicality with a broader range of body styles and features than earlier versions. You can shop it as a sedan or hatchback, with the sedan offering the lowest entry price and the hatchback limited to sportier trim levels. The Corolla Hybrid is offered only as a sedan, while the GR Corolla is only available as a hatchback. For most versions, front-wheel drive is standard, although the sedan and hybrid models are also available with all-wheel drive. 32.9% of listings are priced as good or great deals, which gives you some room to find value.

Is the 2024 Toyota Corolla reliable?

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

The Corolla’s appeal is built around practicality, efficiency, and a reputation for durability. This model year also brings a more modern feel than many buyers may expect, with high-tech safety features and a 2023 facelift that added fresh bumper designs, an eight-inch touchscreen, and wireless Apple CarPlay and Android Auto support for all models. The entry-level sedan also comes well equipped with LED headlights and taillights, a reversing camera, dynamic radar cruise control, lane departure alert, a seven-inch touchscreen, and voice recognition as standard.

For used buyers, the main long-term ownership risk is less about complexity and more about choosing the right version for your needs, since the range spans everything from basic commuter trims to performance-focused variants.

Is now a good time to buy a used 2024 Toyota Corolla?

This looks like a moderate, selective buyer’s market, so it makes sense to shop carefully and compare listings.

• Deal availability: 32.9% of listings are priced as good or great deals.
• Inventory: There are 477 listings available.
• Price trend: Prices have softened 9.60% compared with last year.

If you find a listing below $25,694 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2024 Toyota Corolla's resale value?

The current average of $25,694 CAD sits slightly below last year's $28,423 CAD.

That softer pricing can help you buy more affordably now, but it also means future sellers may face a more competitive market if prices stay under pressure. The Corolla’s broad appeal, practical positioning, and strong efficiency should help support demand over time. If you buy well and keep the car in good condition, you should still have a solid path to resale later.

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 2024 Toyota Corolla or consider a different year?

If you're weighing the 2024 against nearby model years, here's how to think about it:

Choose the 2024 if:

• 32.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.60% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2025 if:

• At $27,073 CAD, the 2025 costs more than the current year's $25,694 CAD average.
• It adds a more enjoyable driving character.

The bottom line: The 2024 is the better primary pick if you want the strongest mix of price, inventory, and owner satisfaction. If you’re more price-sensitive, the 2024 also looks especially appealing because current pricing has eased and there are enough listings to compare carefully before you buy.

How does the 2024 Toyota Corolla compare to the 2024 Honda Civic?

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

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.