The 2021 Mustang sits at a median of $45,999 across the Canadian market. Most cars land between $31,995 and $50,000, and where a given car falls in that range comes down mostly to two things: which engine is under the hood and how far it's been driven.
Mileage matters more than you'd guess on a car this young. Every 10,000 km knocks about $1,697 off the asking price. The typical 2021 has around 45,000 km on it, so a car sitting well under that carries a real premium, and one pushing past it should cost you noticeably less. If a seller wants median money for a high-km car, that's your opening to push back.
GT or EcoBoost is the whole story
The trim split here is stark. A GT runs a median of $49,990 and barely moves off it, with a typical range of $49,642 to $50,446. That's a tight band. Sellers know what these are worth and they're not budging much.
The EcoBoost is a different animal on price. Median $31,250, typically $29,916 to $31,962. If you want the Mustang badge without the V8 tax, that's roughly $18,700 less for a car you can drive every day. It's the value pick, plain and simple, and the numbers say so.
One more thing worth watching: we flagged 12 deals on the 2021 in the last 90 days. So sub-median cars do surface. Know which trim you're after, factor the mileage math, and you'll spot the ones priced right when they come up.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| GT | $49,990 | $49,642–$50,446 |
| Ecoboost | $31,250 | $29,916–$31,962 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.