Cheapest New Cars in Canada (2026)
These are the cheapest new cars in Canada for 2026, ranked by starting price from lowest to highest.
Every vehicle here starts under $27,000 before freight and taxes. The list includes small SUVs, sedans and a hatchback, so you can compare what your budget buys in each shape.
Prices come from Price Driven's 2026 Canadian MSRP data.
#1
2026 Hyundai Venue Essential
MSRP from $21,999 CAD · Best for: Cheapest New Vehicle
The Venue is the cheapest new vehicle in this guide. It is a small SUV that is easy to park, with a 5-year/100,000 km comprehensive warranty. It is front-wheel drive only and best for city driving.
Pros
- Lowest price in this guide
- 5-year/100,000 km comprehensive warranty
- Easy to park
Cons
- No all-wheel drive
- Small cabin
#2
2026 Hyundai Elantra Essential
MSRP from $22,999 CAD · Best for: Cheapest Sedan
The Elantra is the cheapest new sedan in Canada in our data, and one of the best equipped for the money. It has a roomy back seat and the same 5-year/100,000 km comprehensive warranty as the Venue.
Pros
- Cheapest sedan in this guide
- Roomy back seat
- 5-year/100,000 km comprehensive warranty
Cons
- Base engine feels sluggish
- Some hard cabin plastics
#3
2026 Kia K4 LX
MSRP from $24,295 CAD · Best for: Most Tech for Less
The K4 replaced the Forte and brings bold styling and plenty of tech for the price. Kia's 5-year/100,000 km comprehensive warranty is included, and a hatchback version is available.
Pros
- Lots of tech for the price
- 5-year/100,000 km comprehensive warranty
- Hatchback version available
Cons
- Base engine is merely adequate
- Firm ride
#4
2026 Mitsubishi RVR ES FWD
MSRP from $24,998 CAD · Best for: Long Powertrain Warranty
The RVR is one of the cheapest SUVs in Canada, and Mitsubishi backs it with a long powertrain warranty. All-wheel drive is available on higher trims. It is an older design and feels dated next to newer rivals.
Pros
- Low price for an SUV
- Long powertrain warranty
- All-wheel drive available
Cons
- Dated design and cabin
- Slow and noisy engine
#5
2026 Toyota Corolla L
MSRP from $25,020 CAD · Best for: Best Reliability
The Corolla is the cheapest way into a new Toyota, with a strong reliability record and high resale value. Standard safety features are generous. A hybrid version with available all-wheel drive is sold for more.
Pros
- Strong reliability and resale value
- Generous standard safety features
- Hybrid version available
Cons
- Slow acceleration
- Tighter back seat than the Elantra
#6
2026 Mazda Mazda3 GX
MSRP from $25,250 CAD · Best for: Most Upscale Feel
The Mazda3 feels a class above its price, with a well-made cabin and sharp handling. All-wheel drive is available on higher trims, which is rare for a car this size. The back seat is tight.
Pros
- Upscale interior
- Sharp handling
- All-wheel drive available
Cons
- Tight back seat
- Small trunk
#7
2026 Nissan Sentra S
MSRP from $25,268 CAD · Best for: Most Comfortable
The Sentra focuses on comfort, with supportive seats and a soft ride. Standard safety tech is generous. It is not exciting to drive.
Pros
- Comfortable seats and ride
- Generous standard safety tech
- Every trim under $32,000
Cons
- Unexciting to drive
- Resale value trails Toyota and Honda
#8
2026 Kia Seltos LX
MSRP from $26,095 CAD · Best for: Most Space for an SUV
The Seltos is a small SUV with one of the largest cargo areas in its class and a roomy back seat. Kia's 5-year/100,000 km comprehensive warranty is included.
Pros
- Large cargo area
- Roomy back seat
- 5-year/100,000 km comprehensive warranty
Cons
- Firm ride
- Base engine is slow
#9
2026 Volkswagen Jetta Trendline
MSRP from $26,495 CAD · Best for: Most Back-Seat Room
The Jetta has one of the roomiest back seats and largest trunks in its class, a turbocharged engine and an 8-speed automatic. It is a comfortable highway car.
Pros
- Roomy back seat and large trunk
- Turbo engine with 8-speed automatic
- Comfortable on the highway
Cons
- Cabin materials feel cheap
- Resale value trails Honda and Toyota
#10
2026 Hyundai Kona Essential FWD
MSRP from $26,749 CAD · Best for: Best Small SUV Value
The Kona is roomy for its size and well equipped, with Hyundai's 5-year/100,000 km comprehensive warranty. All-wheel drive is available from $28,749.
Pros
- Roomy for its size
- 5-year/100,000 km comprehensive warranty
- All-wheel drive available
Cons
- Base engine is merely adequate
- Base trim is front-wheel drive
How we ranked the cheapest new cars in Canada
We ranked the cheapest new cars in Canada by the MSRP of each model's cheapest trim, from lowest to highest. Within that order, each write-up covers what you get for the money, including warranty, all-wheel-drive availability and standard features.
MSRP is before freight, PDI, dealer fees and taxes. We excluded pickup trucks, vans and two-door cars.
Questions about the cheapest new cars in Canada
What is the cheapest new car in Canada for 2026?
The Hyundai Venue Essential is the cheapest new vehicle in this guide at $21,999. The cheapest new sedan is the Hyundai Elantra Essential at $22,999.
What else do I pay on top of MSRP?
Freight and PDI are added to almost every new car and are set by the manufacturer. Dealers may also add fees for things like administration, tire levies and air-conditioning taxes, and then sales tax applies to the total. Ask for an all-in price in writing before you sign.
Which cheap new cars have all-wheel drive?
Of the cars in this guide, the Mitsubishi RVR, Kia Seltos and Hyundai Kona offer all-wheel drive on some trims. The Mazda3 also offers all-wheel drive, starting at $32,050.
How much below MSRP can I pay for a cheap new car?
For the trims in this guide, the dealer invoice price is on average about 5.6% below MSRP, or roughly $1,400 per vehicle (from 3.9% to 7.1%, Price Driven data, October 2026). Your free Price Driven report shows the invoice price and a target price for the exact trim you want.
Do new car prices differ in Toronto, Vancouver, Calgary and Montreal?
MSRP is set nationally, so the sticker price is the same across Canada. Taxes and fees are not: 13% HST in Toronto, 5% GST plus at least 7% PST in Vancouver (B.C. charges more PST on vehicles over $55,000), 5% GST in Calgary, and 5% GST plus 9.975% QST in Montreal. Freight, PDI and dealer fees also vary by dealer.
Is there a guarantee?
The Price Driven report is free. If you use our paid negotiation service and we don't beat the average sale price by more than our fee, you don't pay it.
Found the right vehicle? See the dealer invoice price before you talk to a salesperson.
Get your free discount reportThe report is free. If you use our paid negotiation service and we don't beat the average sale price by more than our fee, you don't pay it.