Last year when I was looking a local stealership had a used 2009 Honda Fit 5MT, 84,000km/ 52,200mi and wanted $11k for it. It sat in their lot for a long time. This article says blue book is $7,700 Canadian Black Book. A new 2016 Honda Fit is $16k + tax.

Anyway, the Fit has great resale value and is well respected in the sub-compact category. But we already knew this...

Which car should I get for my kid in university? - The Globe and Mail

Where do you find these used Fits for $7,700? Not in Toronto.

 

The airbag problem seems to be confined to places with high humidity and high temps. I don't think either apply to Toronto ... Nashville most certainly in the summer, but not any part of Canada I can think of.