The 2020 Mustang sits at a median of $43,995 across live Canadian listings. Most of what you'll run into falls between $27,995 and $47,995, and that's a wide spread for one model year. The reason is trim, not condition. Once you know which car you're looking at, the number gets a lot tighter.
Median mileage lands at 34,488 km, so this is still a low-odometer year for most sellers. Every extra 10,000 km knocks about $3,248 off the asking price. That's a steep curve. A car with 60,000 km should cost you roughly $8,000 less than one near the median, all else equal, and you can use that as a hard checkpoint when a listing looks priced high for its distance.
GT versus EcoBoost is the whole story
The two trims barely overlap. The GT runs a median of $47,935 with a typical range of $45,894 to $47,995 — a tight band, which tells you sellers hold firm on the V8. The EcoBoost sits way down at $25,000, ranging $22,975 to $27,995. That's an almost $23,000 gap on the median.
So the buying decision is really a budget decision. If you want the four-cylinder car, anything above roughly $28,000 is out of step with the market and you should walk. On the GT side, the range is so narrow that a price under $46,000 is worth a hard look — assuming the mileage backs it up.
Six deals got flagged here over the last 90 days, so worthwhile prices do surface. Bring the mileage math with you: median odometer, $3,248 per 10,000 km, and the trim band the seller is actually in. Those three numbers tell you fast whether an ask is fair.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| GT | $47,935 | $45,894–$47,995 |
| Ecoboost | $25,000 | $22,975–$27,995 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.