New Toyota Corolla for Sale nearAjax, ON

How much does the Toyota Corolla cost in today's market?

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

The Toyota Corolla's current nationwide average price is $19,669 CAD, and its lowest point over the past year was $19,422 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 Toyota Corolla a good car?

Yes — the Toyota Corolla is a strong used-car choice if you want a compact car that focuses on practicality, reliability, and low running costs. The all-generations owner rating is 4.3/5 across every model year in the data.

Owners repeatedly praise its dependable character, fuel economy, and everyday usability. Recent models also draw positive comments for their technology and styling, while earlier versions are often appreciated for keeping ownership simple and affordable.

Expert reviews rate the 2014 and 2021 models among the highest across all years.

The main trade-offs across recent expert-tested years centre on noisy operation, a stereo that is not especially strong, and fuel economy that varies by powertrain and trim.

28.3% of listings are priced as good or great deals.

Are Toyota Corolla models reliable?

Owners consistently describe the Toyota Corolla as dependable, practical, and economical to own. Across the model years in the data, the Corolla is also praised for solid fuel economy, low maintenance costs, and easy day-to-day use.

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

For used buyers, that combination points to a model with strong long-term ownership appeal and a reputation that supports confidence over time.

What should I look for when buying a used Toyota Corolla?

Key things to evaluate:

• Safety package: Toyota Safety Sense 3.0, with forward collision warning, pedestrian detection, automatic emergency braking, lane departure warning, lane keeping assist, lane centring assist, adaptive cruise control, automatic high beam headlights, and a road sign recognition system.

• Infotainment: a larger 10.5-inch touchscreen infotainment system in the Corolla XSE, along with wireless Apple CarPlay and Android Auto.

• Fuel efficiency: Natural Resources Canada rates the gas-only Toyota Corolla at 6.7–6.8 litres per 100 kilometres combined, depending on the trim. With FWD, the Toyota Corolla Hybrid achieves fuel economy ratings of 4.7 L/100 km combined. Add on the available AWD, and those ratings go up slightly to between 4.9 and 5.3 L/100 km, depending on trim.

Which Toyota Corolla trim should I buy?

The 2025 Toyota Corolla offers these trims:

• Corolla: The sweet-spot trim is the Corolla SE, which adds a sportier character and avoids the plain vanilla look of the base Corolla trims.
• XSE: Adds the larger 10.5-inch touchscreen infotainment system and suits you if you want the most advanced cabin tech in the lineup.

What Toyota Corolla do most buyers choose?

The Toyota Corolla years with the most listings are 2021, 2023, and 2022.

These higher-volume years tend to be popular because they give you a strong mix of availability, pricing, and familiar Corolla strengths. More listings also make it easier to compare trims and find a vehicle that fits your budget.

What is the Toyota Corolla's resale value?

Most Corolla model years in the table are down year over year, which can work in your favour if you are shopping used. The largest drops are in the newer model years, while older examples show smaller changes. That pattern suggests recent Corollas have become more attractive from a pricing standpoint, especially if you want newer features without paying new-car money.

The 2016, 2017, and 2014 model years have held their value best, with the smallest year-over-year price changes.

Is the Toyota Corolla safe?

• 2025: 8/10
• 2022: 9/10
• 2021: 9/10
• 2020: 7/10
• 2016: 7/10
• 2015: 4/10
• 2014: 9/10

Toyota equips every 2025 Corolla with the Toyota Safety Sense 3.0 (TSS 3.0) collection of driver assistance systems.

For the safest used buy, the 2014, 2021 and 2022 models all post the highest confirmed score of 9/10.

Should I buy a used Toyota Corolla now or wait for the next model?

Buy now if:

• Price trend: The 2025 model is at −11.42% versus a year ago, and the 2024 model is at −11.07%.
• Deal availability: The 2024 model has 29.9% good and great deals.
• Sweet-spot year: The 2021 model has the most listings at a current average price of $20,775 CAD. The Toyota Corolla offers a practical, easy-to-live-with character that has made it a long-running favourite for shoppers who want sensible transportation.

Consider waiting if:

• Powertrain/efficiency: Every gas-only 2025 Toyota Corolla sold in Canada comes with a 2.0-litre four-cylinder engine supplying 169 horsepower at 6,000 rpm and 151 pound-feet of torque at 4,400 rpm, while the Toyota Corolla Hybrid with FWD achieves fuel economy ratings of 4.7 L/100 km combined and the available AWD version rises to between 4.9 and 5.3 L/100 km combined.
• Tech: Toyota now offers a larger 10.5-inch touchscreen infotainment system in the Corolla XSE, and the latest Toyota Audio Multimedia system includes wireless Apple CarPlay and Android Auto.
• Safety: Toyota equips every 2025 Corolla with the Toyota Safety Sense 3.0 (TSS 3.0) collection of driver assistance systems, including forward collision warning, pedestrian detection, automatic emergency braking, lane departure warning, lane keeping assist, lane centring assist, adaptive cruise control, automatic high beam headlights, and a road sign recognition system.
• Starting price: Base pricing ranges from $26,919 CAD to $39,299 CAD in Canada.

If you're buying used today, the 2021 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 2021 Toyota Corolla compare to the 2021 Honda Civic?

Our experts score the 2021 Toyota Corolla 7.8/10 and the 2021 Honda Civic 7.2/10. The Corolla gives you a lower average used price and more listings, while the Civic offers a higher-output engine and a larger pool of inventory. Both return the same city and highway fuel-economy figures in the table, so your choice comes down more to price, availability, and the driving character you prefer.

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

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.