New Toyota Corolla for Sale near Foxboro, 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 $19,807 CAD, and its lowest point over the past year was $19,452 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 pick if you want a compact car that is easy to live with, dependable, and economical to own. The all-generations owner rating is 4.3/5 across every model year in the data.

Owners consistently praise its reliability, solid fuel economy, and low maintenance costs. Recent models also earn praise for their stylish design, strong feature content, and everyday practicality.

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 fuel economy, cabin noise, and audio quality, with some years also drawing comments about basic interiors or limited excitement.

30.4% of listings are priced as good or great deals.

Are Toyota Corolla models reliable?

Owners consistently describe the Corolla as dependable, practical, and economical to run. Expert reviews reinforce that reputation by highlighting its reliability, low ownership costs, and easy everyday use.

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

For used buyers, the long-term ownership picture looks reassuring, especially if you want a car built around durability and low running costs.

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

Key things to evaluate:

• 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. That’s reasonably efficient, but you can save even more money on fuel by choosing the Toyota Corolla Hybrid. With FWD, it 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.
• Infotainment: Toyota now offers a larger 10.5-inch touchscreen infotainment system in the Corolla XSE, along with wireless Apple CarPlay and Android Auto.

Which Toyota Corolla trim should I buy?

The 2025 Toyota Corolla offers these trims:

• Corolla: The entry point keeps the Corolla’s core appeal centred on practicality, reliability, and everyday ease of use.
• Corolla SE: This is the sweet-spot trim. It adds a sportier character and avoids the plain vanilla look of the base Corolla trims.
• Corolla XSE: This trim adds the larger 10.5-inch touchscreen infotainment system and brings the most upscale feel in the lineup.

What Toyota Corolla do most buyers choose?

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

These model years tend to be popular because they combine strong availability with the kind of pricing and equipment balance many used shoppers want. They also sit close enough to the current generation to offer modern features while still giving you more value than the newest examples.

What is the Toyota Corolla's resale value?

Most Corolla model years in the table are down year over year, which is good news if you are shopping used and want more car for your money. The largest drops are in the newer model years, while older examples show smaller declines. That pattern suggests the Corolla remains in demand, but recent inventory has become more attractive for buyers.

The 2015, 2016, and 2018 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 −11.14% versus a year ago, and the 2024 model is at −9.32%.
• Deal availability: The 2025 model has 35.2% good and great deals, and the 2024 model has 35.6%.
• Sweet-spot year: The 2023 model has the most listings at a current average price of $23,966 CAD. The Toyota Corolla offers a practical, easy-to-live-with character that has made it a long-running favourite for everyday driving.

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 Corolla Hybrid with FWD achieves fuel economy ratings of 4.7 L/100 km combined.
• Tech: Toyota now offers a larger 10.5-inch touchscreen infotainment system in the Corolla XSE, and in addition to wireless Apple CarPlay and Android Auto, Toyota provides complimentary trial subscriptions to numerous helpful plans.
• Safety: Toyota equips every 2025 Corolla with the Toyota Safety Sense 3.0 (TSS 3.0) collection of driver assistance systems.
• Starting price: Base pricing ranges from $26,919 CAD to $39,299 CAD in Canada, including the $1,760 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 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 brings a lower average used price and a slightly better good-and-great deal share, while the Civic offers more listings to choose from. Both deliver the same city and highway fuel-economy figures in the table, so your decision comes down to value, availability, and which car's overall character you prefer.

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

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.