Hyundai once again sells Canada’s cheapest new car.

Not only that, the Korean automaker now sells Canada’s two cheapest new vehicles, while its sibling brand Kia is not far behind.

The Hyundai Venue, a small crossover with a starting manufacturer’s suggested retail price of $21,999, is now the lowest-priced vehicle in Canada for the 2026 model year.

Coming in at No. 2 is Hyundai’s popular Elantra compact sedan, which costs a grand more than the Venue.

Kia comes in the numbers 3 and 4 spots with the K4 compact sedan (starting MSRP of $24,295) and the newly launched K4 Hatchback, a hatchback version of the K4 sedan ($24,795).

Just keep in mind automakers continually adjust prices and the above noted MSRPs are based on information available on Jan. 11, 2026. The MSRP doesn’t include various fees and levies, such as freight and destination charges, and dealer fees.

How did Hyundai get to No. 1?

Car buyers may remember a time when Hyundai’s Accent was marketed as the cheapest new car you could buy in the country.

In its cheapest configuration, the Accent was a manual-everything subcompact car that was as frugal on gas as it was cheap to buy.

Well, that was in the late-2000s and much time has passed since then.

Hyundai lost the cheapest new car title through the 2010s and early 2020, as several automakers undercut Hyundai’s cheapest car while the Accent also increased in price as the years went by. The Accent was then retired in 2017.

But, other automakers also discontinued their cheapest models since then.

Cars such as the Chevrolet Spark, Nissan Micra, Nissan Versa, Mitsubishi Mirage and Kia Rio, which undercut anything Hyundai sold in Canada, have all been discontinued.

And so that brought the title of having the most affordable new vehicle back to Hyundai in 2026.

More details on each car

Below are more fulsome descriptions of each of the four mentioned cars, including starting price with fees and levies included, as advertised by the automakers on their websites.

Hyundai Venue

Starting advertised price: $24,996 (MSRP of $21,999)

This small crossover is powered by a 1.6-litre four-cylinder engine with a city-highway fuel-efficiency rating of 7.5L/100 km. It comes standard with an eight-inch touchscreen, forward collision-avoidance assist with pedestrian detection, driver attention warning, lane keeping assist, rear occupant alert, wireless Android Auto and Apple CarPlay compatibility, heated front seats, cruise control and more.

Build yours on the Hyundai Canada website.

Hyundai Elantra

Starting advertised price: $25,846 (MSRP of $22,999)

This compact sedan is powered by a 2-litre four-cylinder engine producing 147 hp and 132 lb.-ft. of torque, with engine idle stop and go. Standard features include an eight-inch touchscreen display with Android Auto and Apple CarPlay compatibility, heated front seats, forward collision-avoidance assist with pedestrian and cyclist detection, lane follow assist, lane keeping assist, LED headlights, intelligent speed limit assist, driver attention warning, rear occupant alert, eight airbags and more.

Build yours on the Hyundai Canada website.

Kia K4

Starting advertised price: $26,940 (MSRP of $24,295)

In base trim, the Kia K4, which is powered by the same engine as the Elantra, includes features such as smart cruise control with stop and go, various advanced driver assistance systems, smart key with push start and remote engine start, 12.3-inch multimedia screen with Bluetooth, Android Auto and Apple CarPlay, heated front seats and more. The car is powered by a 2-litre four-cylinder engine with a city-highway combined fuel-efficiency rating of 7L/100 km.

Build yours on the Kia Canada website.

Kia K4 Hatchback

Starting advertised price: $27,440 (MSRP of $24,795)

The Kia K4 Hatchback features a dual-digital display setup that measures nearly 30 inches with standard wireless Apple CarPlay and Android Auto connectivity, various advanced driver assistance systems and a cavernous cargo area (629 litres behind the rear seats and 1,680 litres with the rear seats folded flat).

Build yours on the Kia Canada website.

More low-cost cars

If you want a more complete list of what are Canada’s lowest-priced vehicles in 2026, you can check out the link below.

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