With trade tensions rising, tariffs looming, and supply chains playing catch-up, Canadians could soon pay thousands more for some of their favorite vehicles. Specific models are drawing attention from collectors and savvy shoppers alike, Whether due to limited imports, rare drivetrains, or anticipated discontinuations. If you’re looking for a new ride or thinking of flipping one for profit, now might be your last chance to buy low. These 22 cars are about to skyrocket in price across Canada:
2024 Toyota GR86
Affordable, rear-wheel drive sports cars are dying, and the GR86 is one of the last great ones. Powered by a 2.4L flat-four engine producing 228 hp, it hits 0–100 km/h in just 6.1 seconds. Enthusiasts love its sharp handling, manual option, and pure driving feel. But with stricter emissions rules on the horizon and rumors of electrification, demand is spiking. Limited production and substantial resale value mean the GR86 won’t stay a bargain much longer, and base models could become more expensive than the current price of about $32,000.
2024 Honda Civic Type R
The latest Civic Type R is Honda’s finest performance hatchback, and Canadians know it. With 315 hp from its turbocharged 2.0L engine and a 0–100 km/h time of about 5.4 seconds, it’s a track-capable daily driver wrapped in sleek, mature styling. But supply is tight, and demand is rabid, especially with U.S. buyers eyeing Canadian inventory. Honda’s limited allocation means many dealerships already have waitlists. If you want a piece of this hot hatch magic, now’s the time before the $54,000 price tag becomes much higher.
2023 Mazda MX-5 Miata
Few cars match the charm and simplicity of the MX-5 Miata. Its 2.0L engine delivers 181 hp, reaching 100 km/h in about 6.6 seconds. Featherlight and perfectly balanced, the Miata is a joy on winding Canadian backroads. But Mazda has hinted at an electrified successor, and that’s driving up demand for the last of the gas-powered versions, which could rack up costs that are currently about $34,000 for base models. Manual-transmission models are especially hot.
2024 Subaru WRX
The WRX has always been a Canadian favorite thanks to its rally roots, standard all-wheel drive, and prices that begin at $33,700. Its turbocharged 2.4L flat-four puts out 271 hp and reaches 0–100 km/h in just over 5.5 seconds. While some fans balked at the CVT option and plasticky body cladding, demand remains strong for manual trims. Subaru’s recent announcements about pivoting to electrification have stirred speculation that the gas-powered WRX could soon be phased out. With limited availability and strong brand loyalty, prices for this performance icon will likely rise sharply.
2024 Toyota Tacoma TRD Off-Road
Canada’s love for capable midsize trucks keeps the Tacoma in high demand, and prices are heating up, meaning that the current $48,000 for base models may get more expensive. The TRD Off-Road trim features a 3.5L V6 producing 278 hp, with serious off-road chops and rugged styling. A redesign is coming, usually sending used prices for the outgoing model soaring. Plus, delays in global truck production are keeping inventories thin. Buyers looking for a dependable, trail-ready pickup know this is one of the last trucks with real mechanical simplicity.
2024 Kia Telluride
Praised for its upscale interior, smooth ride, and family-hauling capability, the Kia Telluride has been a breakout hit in Canada. Starting at about $50,000, it is powered by a 3.8L V6 delivering 291 hp and accelerates to 100 km/h in around 7.1 seconds, which is impressive for a three-row SUV. However, Canadian dealerships are having trouble keeping them in stock. Ongoing supply constraints, plus high U.S. demand driving cross-border sales, are inflating prices. With many models selling above MSRP and used Tellurides fetching premium prices, this is one SUV to grab before it’s priced out of reach.
2023 Ford Maverick Hybrid
A compact truck with a hybrid powertrain and a base price of about $31,000, the Maverick was destined to be a hit. The 2.5L hybrid engine delivers 191 hp and impressive fuel economy, under 6.5 L/100 km in city driving, while offering enough utility for everyday hauling. But it’s nearly impossible to find at dealerships. Production bottlenecks and massive pre-order demand have created a backlog, and resale values have increased accordingly. If you spot a Maverick Hybrid on a lot at sticker price, it might be the smartest buy of the year.
2024 Chevrolet Corvette Stingray
The mid-engine Corvette Stingray turned heads when it debuted and hasn’t stopped since. With a 6.2L V8 cranking out 490 hp and a 0–100 km/h time of just 3.0 seconds, it offers supercar performance at a price that begins at about $87,000. However, limited allocations, high demand in Canada and the U.S., and production delays have made this car elusive. Even used models are going for well over MSRP. With the Z06 and E-Ray models grabbing headlines, expect values for the “entry-level” Stingray to keep rising as availability shrinks.
2024 Hyundai Ioniq 5
This futuristic-looking EV offers both cutting-edge tech and practicality. The dual-motor AWD variant puts out 320 hp and sprints to 100 km/h in about 5.1 seconds. Its spacious, minimalist interior and rapid 800V charging make it one of the most forward-thinking electric cars on the market. However, supply is nowhere near meeting Canadian demand, especially in provinces offering EV incentives. As more buyers scramble for rebate-eligible electric models, used Ioniq 5s are already fetching near-new prices, which are already less affordable at about $50,000. With limited shipments and rave reviews, expect its value to climb even faster.
2024 Jeep Wrangler 4xe
Canadians love the Wrangler for its off-road prowess, and the 4xe plug-in hybrid version adds efficiency to the mix. With 375 combined hp from its turbocharged 2.0L engine and electric motor, it does 0–100 km/h in 6.0 seconds and offers about 35 km of electric-only range. It qualifies for federal EV rebates, making it even more desirable. However, Jeep is producing less than the demand requires, especially in Canada, where winter-ready hybrids are rare. With fuel economy concerns growing, expect Wrangler 4xe prices to keep pushing upward, making them more expensive than the starting $60,000.
2023 Lexus GX 460
The Lexus GX 460 is an old-school luxury SUV that’s suddenly become desirable. Its 4.6L V8 makes 301 hp and delivers legendary reliability. Though it takes around 7.8 seconds to hit 100 km/h, buyers love it for off-road capability, comfort, and timeless style. Lexus is planning a complete redesign, but demand for the last V8-powered GX is off the charts. Canadian overlanders and cottage-goers appreciate its rugged construction and posh interior, and used values are soaring. If you’ve ever wanted one, this might be your last affordable shot, as prices may go up higher than the current $75,900.
2024 BMW M2
BMW’s M2 is often called the purest M car you can buy. With 453 hp from its twin-turbo inline-six and a 0–100 km/h time of 4.1 seconds (manual), it’s a compact rocket with the soul of a driver’s car. The 2024 redesign kept the analog charm while adding power and updated tech. Canada’s limited allocations and growing enthusiast interest are pushing prices higher. As BMW electrifies more of its lineup, this gas-powered gem may become a collector’s favorite with prices that begin at about $77,700.
2024 Toyota GR Corolla
This hot hatch caught Canadian gearheads off guard with its rally-inspired build, aggressive performance, and price of about $47,000. The GR Corolla’s 1.6L turbocharged 3-cylinder delivers 300 hp with a six-speed manual, and Toyota’s GR-Four AWD system gives it the credentials of an actual enthusiast. It rockets to 100 km/h in under 5 seconds. However, production numbers are tight. Canada gets a smaller share than the U.S. Limited availability, high demand, and Toyota’s hinted shift toward EVs mean this might be one of the last affordable performance icons. Prices are already climbing on the used market.
Chevrolet Tahoe
The Chevrolet Tahoe is already a hot commodity in Canada, and prices are only heading north, meaning the current prices of about $75,000 will only increase. Powered by a 5.3L V8 (355 hp) or an optional 6.2L V8 (420 hp), the Tahoe efficiently delivers serious muscle, towing up to 8,400 lbs. It boasts cavernous space, an intuitive 10.2-inch infotainment system, and upscale materials in higher trims. With supply chain challenges, rising demand for full-size SUVs, and government fleet purchases tightening inventory, dealers are marking these up fast. If you’ve had your eye on one, now’s the time to act before this SUV becomes a six-figure sticker shock.
2024 Tesla Model Y Long Range
The Model Y continues to dominate Canada’s EV scene, offering AWD, 330 miles (531 km) of range, and 0–100 km/h in just under 5 seconds. With federal and provincial incentives still in play, it’s one of the most attainable long-range electric SUVs at about $64,000. However, Tesla has started raising prices again and tweaking feature availability. Demand remains high across North America, and production slowdowns or trade tensions could further tighten supply. Resale values are already recovering after earlier dips, making now the moment to buy before costs climb once more.
2024 Mazda CX-90 PHEV
Mazda’s entry into the plug-in hybrid world is turning heads at prices that begin at $45,000. The CX-90 PHEV delivers 323 hp from a 2.5L engine paired with an electric motor and offers up to 42 km of electric-only range. It’s Mazda’s most luxurious interior yet, with three rows of seating, premium materials, and a refined ride. Canadian interest in plug-in hybrids is soaring, especially for space and all-wheel drive models. As incentives shift and availability remains constrained, the CX-90 PHEV is poised for a price surge, especially among buyers looking to future-proof their garage.
2024 Mercedes-Benz GLC 300 4MATIC
The GLC has long been a Canadian favorite in the luxury compact SUV space, and the redesigned 2024 model makes it even more tempting as prices begin at $63,000. Powered by a 2.0L turbocharged engine with a mild hybrid assist, it produces 255 hp and hits 100 km/h in around 6.2 seconds. With a sleek new interior featuring Mercedes’ latest MBUX tech, it blends comfort with sophistication. However, global demand and long wait times are already driving prices up. As tariffs and luxury taxes loom, locking in a GLC now could mean dodging thousands in future costs.
2024 Subaru Crosstrek Wilderness
For Canadians craving a rugged, go-anywhere compact SUV, the Crosstrek Wilderness is nearly perfect, and prices begin at about $38,000. Its 2.5L engine delivers 182 hp, and while it’s not built for speed, as 0–100 km/h takes around 9 seconds, it shines with lifted suspension, all-terrain tires, and 3,500 lbs of towing capacity. This edition sells fast, thanks to its appeal among outdoor adventurers. As demand outpaces production, especially in snowbelt provinces, expect used prices to rise significantly.
2024 Audi Q4 e-tron
This electric luxury crossover is Audi’s answer to the growing EV segment, striking a chord with Canadian buyers. With 295 hp from its dual-motor setup, the Q4 e-tron hits 100 km/h in 5.8 seconds and offers around 388 km range. Its interior blends Audi’s upscale design with practical space and intuitive tech. However, supply is still constrained in Canada, especially outside urban centers. As luxury EV competition heats up and demand grows, the Q4 e-tron’s value, which begins at about $60,000, will likely rise, making it a savvy buy before prices surge.
2024 Toyota Tacoma TRD Pro
The new generation Tacoma TRD Pro is already being called a game-changer at prices that begin at $63,000. It’s the most powerful Tacoma yet, with a turbocharged 2.4L hybrid i-Force Max engine producing 326 hp and 465 lb-ft of torque. Its off-road gear, from Fox shocks to advanced 4WD tech, is ideal for Canada’s backcountry. The new model is limited in release, and dealers charge well over MSRP. With Tacoma’s reputation and Canadian love for midsize trucks, expect resale values to explode, especially for hybrid off-road variants like this.
2024 Ford Maverick Hybrid
The Ford Maverick Hybrid delivers 191 hp and an incredible fuel efficiency of 5.9L/100km per city, all in a compact truck body perfect for urban Canadians. Its sub-$40,000 price point made it a hit, but that popularity is now working against new buyers. Ford can’t keep up with demand, and orders are often delayed or canceled. With very few hybrids making it to Canadian dealerships, the Maverick Hybrid already appreciates the used market. If you’re lucky enough to find one, act quickly, as prices are unlikely to drop anytime soon.
2024 Porsche 718 Cayman GT4
The naturally aspirated 4.0L flat-six engine puts out 414 hp and rockets the GT4 to 100 km/h in 4.4 seconds. It’s track-bred and precision-tuned, with a minimalist cabin focusing on a driving feel. Porsche is moving toward electrification, and the GT4’s days are numbered. Canada received only a handful of these units, and collectors are already circling. Expect this to become one of the most sought-after modern driver’s cars. Buy now or risk watching prices over $126,000 double annually.
22 Times Canadian Ingenuity Left the U.S. in the Dust
When people think of innovation, they often picture Silicon Valley. However, Canada has a history of innovation, too. Whether it’s redefining sports, revolutionizing medicine, or just showing America up at its own game, Canadian inventors, thinkers, and dreamers have had their fair share of mic-drop moments. Here are 22 times Canadian ingenuity left the U.S. in the dust.
22 Times Canadian Ingenuity Left the U.S. in the Dust
