iPhone 16 trade-in value in Canada

The iPhone 16 came out in 2024. With 128GB of storage in good condition, our estimates range from $330–$415 depending on where you trade it in. TELUS comes out highest at about $415, but it's paid as TELUS account credit and comes with a condition: usually tied to a new device or plan on TELUS. The highest estimate with no purchase or plan required is Apple Trade In at about $410. For cash or a gift card, Orchard estimates about $410.

Estimated iPhone 16 trade-in value by provider

Amounts marked ~ are estimates from our pricing model, not live quotes. Real offers can be higher or lower; always confirm on the provider's site.

iPhone 16, 128GB, good condition
ProviderEst. value (128GB, good)Paid asWhat's required
TELUS~$415TELUS account creditUsually tied to a new device or plan on TELUS
Apple Trade In~$410Apple Store credit or gift cardNothing extra
Orchard~$410PayPal, cheque or Interac e-transferNothing extra
Bell~$400Bell account creditUsually tied to a new device or plan on Bell
Koodo~$395Koodo bill creditUsually tied to a new phone or upgrade on Koodo
Rogers~$390Rogers account creditUsually tied to a new device or plan on Rogers
Freedom Mobile~$385Freedom account creditUsually tied to a new device or plan on Freedom
Costco~$380Costco Shop CardCostco membership
Virgin Plus~$380Virgin Plus bill creditWithin 30 days of a new activation or upgrade on Virgin Plus
Fido~$370Fido bill creditTied to a new activation or upgrade on Fido
Phobio~$355Cash or gift cardNothing extra
Samsung Canada~$355Instant discount on a new SamsungPurchase of a new Samsung device
Best Buy Canada~$335Best Buy gift cardNothing extra
Staples~$330Staples e-gift cardNothing extra

By condition (128GB)

ConditionEstimated range
Excellent$390–$480
Good$330–$415
Fair$215–$295
Broken$45–$105

By storage (good condition)

StorageEstimated range
128GB$330–$415
256GB$365–$460
512GB$410–$510

How to get the most for your iPhone 16

Compare payout types, not just amounts. Carrier offers are usually bill credits tied to a new phone or plan. Cash and gift-card offers are worth their face value right away.

Grade the condition honestly. Every provider inspects the phone and lowers the offer if it doesn't match the condition you picked.

Prepare the phone. Back up to iCloud or your computer, then go to Settings > General > Transfer or Reset iPhone > Erase All Content and Settings. Sign out of your Apple ID first so Activation Lock is off; providers can't accept a phone that's still locked to an account.

Trade in sooner rather than later. Trade-in values usually drop when a newer model launches.

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