New GMC Canyon for Sale near Lefroy, ON

How much does the GMC Canyon cost in today's market?

Used GMC Canyon prices span a wide range depending on model year. Here's what the market looks like right now:

The GMC Canyon's current nationwide average price is $41,120 CAD, and its lowest point over the past year was $37,977 CAD. Recently, prices have come down for the 2023, 2024, and 2025 models, making now a good time to shop recent model years.

Is the GMC Canyon a good car?

Yes — the GMC Canyon is a strong used pickup choice if you want a midsize truck with a more premium feel, comfortable ride quality, and a good spread of features.

The all-generations owner rating is 4.3/5 across every model year in the data.

Owners repeatedly praise the Canyon for its stylish design, comfortable interiors, and strong performance. Across the model years, the truck also earns credit for its luxurious feel, easy driving manners, and solid towing ability.

Expert reviews rate the 2023 and 2021 models among the highest across all years.

The trade-offs tend to centre on value, fuel economy, and, in some years, a tighter set of configurations or a less polished ride in more rugged versions.

27.9% of listings are priced as good or great deals.

Are GMC Canyon models reliable?

Owners consistently describe the GMC Canyon as a comfortable, stylish midsize truck with strong everyday appeal and a premium feel for the class. Expert commentary also points to a capable powertrain, useful technology, and a well-rounded driving experience.

• Owners rate the GMC Canyon between 3 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by choosing a well-maintained example with a clear service history and checking that the truck’s features and equipment match the way you plan to use it.

What should I look for when buying a used GMC Canyon?

Key things to evaluate:

• Fuel efficiency: Our AT4X’s Natural Resources Canada-rated 14 litres per 100 kilometres combined is on par with a full-size GMC Sierra with 4WD and a V8 engine.

Which GMC Canyon trim should I buy?

The 2026 GMC Canyon offers these trims:

• Elevation: The entry trim brings the turbocharged 2.7-litre four-cylinder, eight-speed automatic, standard four-wheel drive in Canada, an 11-inch digital driver display, an 11.3-inch Google built-in touchscreen, and a broad safety suite. It suits buyers who want the Canyon’s core capability and tech in the most accessible package.
• AT4: This trim adds a more off-road-focused setup with mud-terrain or all-terrain tyres, a lifted suspension, and the rugged character that suits buyers who want trail-ready hardware without moving to the top model.
• Denali: The Denali adds richer interior materials and a more upscale presentation, making it the best fit if you want the Canyon’s premium side and a more polished cabin.
• AT4X: The AT4X adds Multimatic DSSV dampers, 27.2 centimetres of ground clearance, electronic locking front and rear differentials, hill descent control, mud-terrain tyres, and a Safety Alert Seat. It is the best choice if you want the most serious off-road capability and the most fully equipped Canyon.

What GMC Canyon do most buyers choose?

The GMC Canyon years with the most listings are 2023, 2024, and 2025.

These higher-volume model years tend to be the most popular because they give you the broadest mix of availability, pricing, and feature content. They also sit close enough to the current generation to appeal to shoppers who want newer tech and a more modern cabin.

What is the GMC Canyon's resale value?

Most Canyon model years are showing meaningful year-over-year price declines, which can work in your favour if you are shopping used. The newer models are falling too, but by smaller percentages than many older years, which suggests stronger demand for the latest trucks.

The 2024, 2025, and 2022 model years have held their value best, with the smallest year-over-year price changes.

Is the GMC Canyon safe?

• 2026: 4/10
• 2024: 7/10
• 2023: 6/10
• 2022: 4/10
• 2021: 8/10

Every 2026 Canyon comes with a suite of safety and driver assistance features that includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane departure warning, lane keep assist, blind spot monitors with trailer coverage, rear cross-traffic alert with rear automatic braking, rear parking sensors, and automatic high-beam headlights.

For the safest used buy, the 2021 model posts the highest confirmed score of 8/10.

Should I buy a used GMC Canyon now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −7.61% versus a year ago, and the 2024 model is at −6.31%.
• Deal availability: The 2025 model has 30.3% good and great deals, and the 2024 model has 31.3%.
• Sweet-spot year: The 2023 model has the most listings at a current average price of $47,043 CAD. The GMC Canyon offers a more premium feel than many midsize trucks, with a comfortable cabin and a strong mix of everyday usability and capability.

Consider waiting if:

• Powertrain/efficiency: GMC equips the Canyon with a capable turbocharged 2.7-litre four-cylinder engine generating 310 horsepower and 430 pound-feet of torque. It’s connected to an eight-speed automatic transmission and, in Canada, standard four-wheel drive (4WD).
• Tech: GMC equips the Canyon with a standard 11-inch digital driver display and an 11.3-inch touchscreen infotainment system with Google built-in technology.
• Safety: Every 2026 Canyon comes with a suite of safety and driver assistance features that includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane departure warning, lane keep assist, blind spot monitors (with trailer coverage), rear cross-traffic alert with rear automatic braking, rear parking sensors, and automatic high-beam headlights.
• Starting price: Prices range from $55,243 to $72,243, including the $2,600 destination charge and other fees.

If you're buying used today, the 2023 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

How does the 2023 GMC Canyon compare to the 2023 Chevrolet Colorado?

Expert Pros & Cons (per CarGurus review team)

2023 GMC Canyon:

• Pros: Powerful engine, Comfortable, Impressive technology.
• Cons: Advanced safety features are not standard, Poor value for money, Fewer available configurations than before.

2023 Chevrolet Colorado:

• Pros: Stylish design, Impressive off-roading capability, Impressive technology.
• Cons: Aggravating forward collision warning system, Poor fuel economy, Interior materials feel cheap.

Our experts score the 2023 GMC Canyon 7.3/10 and the 2023 Chevrolet Colorado 6.5/10. The Canyon brings the stronger engine and a more comfortable, upscale feel, while the Colorado leans into off-road capability and styling. Both trucks offer impressive technology, but the Canyon’s higher price and fewer configurations are part of the trade-off.

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.