Name: 2023 Toyota Camry
Brand: Toyota
Availability: InStock

Question 1

What is the price of the 2023 Toyota Camry in Canada and what versions are available?

Accepted Answer

The 2023 Toyota Camry (gasoline version) is offered in five versions in Canada: LE, SE, XLE, XSE, and TRD. The MSRP for the LE starts at approximately $28,990, the SE is around $31,990, the XLE approximately $36,990, the XSE around $37,990, and the TRD approximately $39,990. The base engine is a 2.5-litre 4-cylinder producing 203 hp and 184 lb-ft of torque with an 8-speed automatic transmission, offering fuel consumption of approximately 9.0 L/100 km city and 6.7 L/100 km highway. The 3.5-litre V6 (301 hp) versions are available on the XLE, XSE, and TRD trims. The TRD version adds sport-tuned shocks, stiffer springs, a subtle rear spoiler, and red brake calipers for a sporty touch. Toyota Safety Sense 2.5+ is standard on all versions, and the 9-inch screen with wireless Apple CarPlay and Android Auto is included starting from the LE. Unlike the Camry Hybrid, the 2023 gasoline versions are available only in front-wheel drive (FWD).

Question 2

Is the 2023 Toyota Camry V6 worth the extra price for a Canadian buyer?

Accepted Answer

The 3.5-litre V6 engine in the 2023 Toyota Camry produces 301 hp versus 203 hp for the 2.5-litre 4-cylinder — a significant difference particularly noticeable during highway passing maneuvers or light towing. The price premium for opting for the V6 (approximately $2,000 to $3,000 depending on trim) is relatively modest. In return, fuel consumption rises to approximately 12.0 L/100 km city and 8.0 L/100 km highway, about 3 L/100 km more than the 4-cylinder. For a driver covering 20,000 km per year, the additional fuel cost represents approximately $960 annually at $1.60/L — which would erase the initial price premium in about 3 years. For frequent highway users and performance enthusiasts, the V6's smoothness is appealing. For city driving or the majority of commuting trips, the 2.5-litre 4-cylinder is fully satisfactory. The V6 also pairs with a higher towing capacity (1,587 kg vs 910 kg for the 4-cylinder). In terms of reliability, both powertrains have an excellent track record according to Canadian owner data.

Question 3

How does the 2023 Toyota Camry compare to the 2023 Honda Accord for a Canadian buyer?

Accepted Answer

The 2023 Toyota Camry and the 2023 Honda Accord are the two best-selling midsize sedans in Canada and compare directly. In terms of pricing, the Accord LX starts at approximately $30,840 — slightly above the Camry LE at $28,990. The 2023 Accord offers a 1.5-litre turbo (192 hp base) or 2.0-litre turbo (192 hp), while the Camry offers a naturally aspirated 4-cylinder of 203 hp. On the highway, the Accord's 10-speed transmission is more refined than the Camry's CVT (4-cylinder versions). The Accord is generally more spacious inside and offers better sound insulation. The Camry stands out with statistically superior long-term reliability according to Canadian ownership studies, slightly lower insurance costs in most provinces, and a stronger resale value — generally 3 to 5 percent more than the equivalent Accord after 3 years. For drivers who keep their vehicle 7 years or more, these cumulative differences can represent several thousand dollars. Both vehicles earn the maximum IIHS Top Safety Pick+ safety rating.

Toyota Camry 2023 for sale