Honda’s new Civic Type-R hot hatch will put Canadian enthusiasts back $40,890 when it goes on sale here July 14, according to a June 27 press release issued by the brand.

While $40k may seem like a lot of money to purchase a performance-focused copy of Canada’s best-selling car, it should be noted Honda’s Civic Type-R recently set a new lap-record for production front-wheel-drive cars at the legendary Nürburgring Nordschleife thanks to its advanced aerodynamics, enhanced suspension, and boosted turbo-four.

The Japanese brand poured a lot of resources into developing its latest performance car, borrowing a few pages from its sister-brand Acura NSX and in-house Formula One engine team. The car was honed in the wind tunnel to ensure good high-speed stability without unduly increasing drag and compromising fuel economy.

The proof is in the pudding, as the Type-R shaved two seconds off the previous front-wheel-drive Nordschleife lap record, setting a time of 7 minutes 43.80 seconds, with the factory driver crediting the car’s new-found poise, stability, and traction for its record-shattering performance.

Still, the Civic Type-R remains a functional and efficient daily driver, with fuel economy ratings of 10.6 city/8.3 highway/9.6 combined L/100 kilometers.

The Civic Type-R’s exclusivity as the first Type-R and the most powerful car ever sold by Honda in Canada further substantiates its hefty price tag.

Honda’s 2.0-litre direct-injected and turbocharged i-VTEC four-cylinder fitted in the Type-R makes 306 horsepower at 6,500 rpm and 295 lb-ft of torque from 2,500-4500 rpm. All that power is channeled through a six-speed manual gearbox with an automated throttle-blipping feature before it reaches a helical limited-slip differential positioned between the front wheels.

Large 245/30ZR20 Continental SportContact 6 high-performance tires are wrapped around 20×8.5-inch black-finished aluminum wheels at all four corners, granting the car sharp aesthetics as well as tenacious grip.

The fun is halted by 350mm cross-drilled front rotors clamped by four-piston Brembo aluminum calipers and 305mm rear rotors clamped by a single-piston caliper.

Some of the Type-R’s speed was found through the implementation of advanced suspension technologies and superior materials—for instance, the hot hatch features an adaptive damper system which continuously adjusts damping force after collecting data from three on-board G sensors, four suspension stroke sensors, and a steering angle sensor.

Speaking of steering, the Civic Type-R carves corners by way of a variable-ratio dual-pinion electric power steering setup, which promises to make quick work of low-speed maneuvers without being twitchy at high speeds.

Aluminum was used to form the hood, which shaves 5.3 kilograms from the car’s nose, and structural adhesives were applied to rigidly fasten some body panels together, improving the Type-R’s overall structural rigidity without increasing the vehicle’s overall weight.

Interested in picking up a Civic Type-R for yourself? You better act fast, as high demand in the U.S. has seen some buyers willing to pay hefty premiums over MSRP in an effort to secure an allocation for themselves, and it’s likely competition to secure a Type-R will be just as fierce in Canada.

For the $40,890 ask, you’ll receive a fully-loaded car with all the toys – the Type-R is only offered in one trim level, with no other options available – including a thumping 542-watt, 12-speaker stereo; LED lighting; smart wipers; hill-start assist; a wireless phone charger; and all the connectivity features expected of a modern vehicle.

Not that anyone’s asking, but the Type-R features a cavernous 727.7-litre rear cargo area, with even more space available once the rear seats are folded down.

This latter info may be helpful in convincing your significant other, parents, or bank that the Civic Type-R is a good fit for you.