Top 10 Cheapest Brand New Cars In Canada (2023)

Many people would like to have a brand new car as their vehicle, but they are discouraged from getting it because of the high expense of a brand new car. However, little do we know that you can purchase a car without breaking the bank. So, if you want a good automobile but can’t afford to spend five figures, we’ve compiled a list of the top 10 cheapest brand new cars in Canada, alongside their prices – giving you the opportunity to choose the one you like.

Top 10 Cheapest Brand New Cars In Canada

1. Chevrolet Spark LS 2022

Price: $14,595

The Chevrolet Spark is still the most affordable new car in America, with an MSRP of $14,595 including destination (but not whatever discounts your local dealer might be offering). That low price gets you a little runabout—the Spark is six inches shorter than the Mirage—powered by a 1.4-liter, 98-horsepower engine, and a five-speed manual transmission.

Chevrolet claims nearly identical fuel economy figures for manual and automatic transmissions: 38 mpg highway and 33 combined. In the city, the auto gets 30 mpg, while the stick gets only 1 mpg.

The Spark now comes standard with a 7.0-inch infotainment screen (with Android and Apple compatibility), two USB ports, a built-in WiFi hotspot, integrated daytime running lights, tire pressure monitoring, and 15-inch wheels.

2. Mitsubishi Mirage ES 2022

Price: $15,640

The Mitsubishi Mirage had a redesign in 2021 that added more standard safety features. Forward collision warning and auto high beams are now standard on all trims, with the ES adding lane departure warning and auto high lights.

The Mirage is one of the tiniest new automobiles on the market, measuring only 149.2 inches from tip to stern. It’s also one of the slowest, with a 1.2-liter engine producing only 78 horsepower. But you don’t buy an economy automobile for its speed; you buy it for its, well, economy. The Mirage gets 41 mpg on the interstate and 43 mpg with the optional CVT.

3. Nissan Versa Sedan S 2022

Price: $16,105

Nissan expects the SUV mania to fade when young adults who grew up in them shun them in the same way their parents avoided minivans. As a result, they were only focused on revamping both the Sentra and Versa for 2020. Due to this, they added some interesting features to the Versa Sedan which include: lane departure warning, emergency braking, pedestrian sensing, hill start aid, motorized side mirrors, automatic high lights, and speech recognition.

The Versa S comes standard with a five-speed manual transmission and a 1.6-liter engine. This combination achieves a respectable 35 mpg combined, but that figure increases to 40 mpg when the $17,775 CVT variant is selected. All versions include a 7.0-inch touchscreen, but you must upgrade to the $18,915 SV to have Apple CarPlay and Android Auto instead of merely Bluetooth.

4. Kia Rio Sedan LX 2021

Price: $17,275

The Kia Rio, like a few other vehicles on this list, is available in both sedan and hatchback configurations. The sedan, like others, is the less expensive option, undercutting the Rio 5-Door S by roughly a grand. Both models are powered by a 1.6-liter engine that generates 120 horsepower and 112 lb-ft of torque.

The Rio receives an 8.0-inch touchscreen, wireless Apple CarPlay and Android Auto, and Bluetooth. The rear-view camera provides dynamic guidelines, which isn’t a given at this pricing point, but that’s all there is in terms of electronic safety aids. However, the 5-Door S adds front collision prevention. Choosing the hatch trims an entire foot off the Rio’s length and adds a 60/40 folding rear seat to make the most of the utilitarian design.

5. Hyundai Accent Sedan SE (2022)

Price: $17,690

Hyundai adds a second entry to the list with its smallest sedan. The Accent offers many of the same characteristics as the Venue, including a basic 1.6-liter, 120-horsepower engine. The CVT is now standard for 2022, which explains the $1,600 price increase over the 2021 model.

The Accent has a significant advantage over its crossover-styled sister at the gas pump. The CVT achieves impressive fuel economy ratings of 41 mpg highway and 36 mpg city. According to the EPA, the Venue achieves 35 mpg highway (manual) and 32 mpg combined (CVT). However, in order to achieve its low price, the Accent foregoes active safety features and employs a 5.0-inch display with no major mobile connection capabilities.

6. Subaru Impreza 2022

Price: $19,790

The Subaru Impreza 2022 is one of the best cars on this list and it is because of the following reasons: for starters, it’s the only one that comes standard with AWD – in fact, there’s none like it on this list. Secondly, it is the most reasonably priced compact sedan. Finally, it’s the most powerful model on this list, with 152 horsepower and 145 pound-feet of torque from the trademark flat-four Subaru engine.

For this price, you’ll get a regular five-speed manual transmission; the CVT is an extra $1,300. All Impreza base models include power windows, a 6.5-inch touchscreen, and a single USB port. You’ll be without automatic climate control, automatic headlights, and Subaru’s EyeSight driver aid technology, which is only available with the CVT.

7. Kia Forte FE (2021)

Price: $20,115

The Kia Forte is the second of three vehicles from the Korean manufacturer on this list. This tiny sedan—the Forte5 hatchback is exclusively available in Canada and its price is marginally less than its upright Soul brother.

The Forte FE, like that rolling box, is powered by a 2.0-liter four-cylinder engine mated to a CVT. In the middle of the dashboard is an 8.0-inch touchscreen with Apple CarPlay and Android Auto, as well as Bluetooth connectivity. Automated emergency braking, lane departure warning, lane keep assist keyless entry, blind-spot monitoring, LED headlights, and rear cross-traffic warning are some of the standard features in this car.

8. 2022 Hyundai Venue SE

Price: $20,245

The Hyundai Venue which is the newest car on this list is more of an urban explorer than a rock-and-mud one. The car is a fun little car with all the built-in value that Hyundai is known for.

It has only one engine option, which is a 1.6-liter four-cylinder engine that produces 121-horsepower of torque. 

Talking about some of its features, the car has an 8.0-inch touchscreen with some safety features including lane keep assist, automated headlamps, emergency front braking, and driver attentiveness warning. It also includes Hyundai’s 10-year, 100,000-mile limited powertrain warranty.

9. Kia Soul LX (2022) 

Price: $20,505

Kia’s boxy Soul compact continues to be a fun, economical option for compact vehicle users. The term “compact” is a bit misleading, as the Soul’s upright design still features more space in the interior. The 2022 model comes with an Apple CarPlay, Android Auto connectivity, 7.0-inch touchscreen infotainment system, remote keyless entry and Bluetooth connectivity,  four-corner disc brakes, and rear child-safety door locks, tire pressure monitoring, rear occupant warning, and hill-start assist. 

10. Nissan Sentra S (2022)

Price: $20,535

Nissan keeps the Sentra lineup simple: all models employ the same 2.0-liter 4-cylinder engine, which produces 149 horsepower and 146 pound-feet of torque – that’s more powerful than any other automobile else on this list.

The car also features a standard-fit Nissan Safety Shield 360 suite of driver aids which include blind-spot monitoring, automated emergency braking (with pedestrian detection), lane departure warning, rear cross-traffic alert, rear automatic braking, and high beam assist.



As stated earlier, you do not have to break your budget to purchase a brand new car that will serve you well. This list has provided you with some information on the newest brand new cars in Canada that won’t have you break the bank, as we included their prices. Even with a good bargain from your Car Vendor, you may be able to buy these cars at a lesser price, who knows?