The median 2026 Lexus IS runs $65,129 in the Canadian market, and most of these cars sit between $62,954 and $69,530. That's a fairly tight band. When the spread between typical asking prices is only about $6,600, it tells you sellers largely agree on what this car is worth, so a listing that lands near $63K is already a fair number and one pushing $70K needs a reason.
Median mileage tells the rest of the story. At 1,320 km, these are essentially brand-new cars finding their way onto the used market. You're not shopping worn examples here. You're mostly looking at people flipping a car they barely drove, which means condition shouldn't be your worry so much as the price you pay for something a few thousand kilometres shy of factory-fresh.
What to pay
Given that mileage, treat anything under the $62,954 mark as a genuine find and anything over $69,530 as the top of the market. If you can hold near the median or a touch below, you're paying a sensible number for a car that's had almost no life used up.
We've flagged 3 deals on this model year in the last 90 days. That's a thin trickle, which fits a car this new. Worth watching if you want one below median, since good pricing on the 2026 IS doesn't show up often.
Numbers reflect live listings across Canada over the last 90 days, filtered for outliers. Data as of . Prices in CAD.