Car Buyers Struggle as Prices Climb | Toronto News
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Car Buyers Struggle as Prices Climb | Toronto News
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Car buyers are feeling the squeeze as new car prices hover around $63K nationally, pushing one in seven Canadians toward the used market. Alberta leads in both new and used car costs, with supply chain issues keeping used prices stubbornly high. Economic uncertainty hits those with less cash hardest, while credit-savvy buyers still snap up used cars. EVs remain popular but are scarce and expensive used, with demand outpacing supply. The takeaway? Affordability is king—and everyone’s learning to stretch that dollar.
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