New Tesla Model Y for Sale near Cookstown, ON

How much does the Tesla Model Y cost in today's market?

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

The Tesla Model Y's current nationwide average price is $40,648 CAD, and its lowest point over the past year was $39,351 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 Tesla Model Y a good car?

Yes — the Tesla Model Y is a strong choice for used EV shoppers who want quick acceleration, a spacious cabin, and a long list of standard features. The all-generations owner rating is 4.82/5 across every model year in the data.

Owners consistently praise the Model Y for its performance, technology, and everyday practicality. The roomy interior and cargo flexibility come up often, along with the convenience of electric driving and the savings that can come with it.

24.5% of listings are priced as good or great deals.

Are Tesla Model Y models reliable?

Owners consistently praise the Tesla Model Y for its strong acceleration, advanced technology, and spacious interior. Expert and owner feedback also points to easy charging, useful everyday practicality, and a driving experience that feels modern and responsive.

• Owners rate the Tesla Model Y between 4.33 and 4.91 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is shaped by how well a specific vehicle has been maintained and how carefully its equipment and software history have been checked.

What Tesla Model Y do most buyers choose?

The Tesla Model Y years with the most listings are 2022, 2023, and 2021.

These higher-volume years tend to be popular because they give you more inventory to compare, which can make it easier to find the right price, colour, and equipment combination. They also often sit in the sweet spot between newer features and broader used-market availability.

What is the Tesla Model Y's resale value?

Across the lineup, prices are moving lower year over year, which can work in your favour if you're shopping used. The biggest drops are in the double digits, while the smaller declines still point to softer pricing across recent model years. That creates more room to find value, especially if you're comparing several years side by side.

The 2024, 2023, and 2022 model years have held their value best, with the smallest year-over-year price changes.

Should I buy a used Tesla Model Y now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −10.08% versus a year ago, and the 2024 model is at −8.24%.
• Deal availability: The 2025 model has 26.9% good and great deals, and the 2024 model has 28.2%.
• Sweet-spot year: The 2022 model has the most listings at a current average price of $40,475 CAD.

If you're buying used today, the 2022 model year offers the best mix of value and availability. If you want the newest version, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.