The 2023 Ford Mustang sits at a median of $43,450 in the Canadian market right now, with most cars landing between $34,187 and $50,746. That's a wide spread for a single model year, and it isn't random. It's the trim gap doing the work.
Median mileage is about 39,414 km, so a typical 2023 has already covered a bit of ground. If you're looking at a car far below that number, expect to pay toward the upper end of the range. Far above it, you've got room to push lower.
GT vs EcoBoost is the whole story
The split here is stark. A GT runs a median of $51,492 and stays in a tight band of $49,999 to $53,739. The EcoBoost sits at $34,999, typically $30,995 to $37,989. That's roughly a $16,500 jump between the two, and it explains almost the entire price range for the year.
So the number you should benchmark against depends entirely on which car you want. Chasing the V8? Anything under about $50,000 on a clean, average-mileage GT is a strong price, and the range barely dips below that. Fine with the four-cylinder? An EcoBoost above $38,000 is on the expensive side for what the market's actually paying.
We've flagged 3 deals on the 2023 Mustang in the last 90 days. Not a flood. If you're patient and you know your trim's real median, you can wait for one to land instead of paying the sticker on the first car you see.
Price by trim
| Trim | Median price | Typical range |
|---|---|---|
| GT | $51,492 | $49,999–$53,739 |
| Ecoboost | $34,999 | $30,995–$37,989 |
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.