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Looking To Buy A New Furnace in Toronto?

The cost for a new furnace does not have to be high!
We’ve Got The Best Furnace Prices in the Greater Toronto Area!

The hot summer should never make you forget how chilly Toronto gets during winter. Perhaps you are wondering, what is the cost of a new furnace? Below is a comprehensive breakdown of high-efficiency gas furnace pricing in Toronto. We look at the cost of acquiring a new forced-air furnace as well as the cost of replacing an old heating system.

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Repairs & New Installations

Air Makers Offer More Than Just Appealing Furnace Prices

Do you need a new furnace installed? Air Makers can help. Our HVAC contractor in Toronto installs furnaces of all makes and models in Toronto for both residential and commercial homes.


  • We have won many awards in the furnace installation and repair industry in Toronto
  • We have a proven track record in customer satisfaction
  • Over 40+ years of experience in furnace installation
  • Our experts handle all furnace makes and models. They will advise you on the best furnace for your premises.
  • 24/7 availability whenever you need our services
  • No hidden fees, upfront pricing and a flat rate where everything is included.

How much does it cost to buy a new furnace? The average furnace price in Toronto ranges between $3500 and $5500, inclusive of installation fees. Air Makers provide the most affordable furnace installation rates in Toronto since we understand that homeowners do not always plan for a furnace replacement.

Homestars award-winning toronto heating and cooling test2 homestars-2021 best toronto heating and cooling company 16 awards2


Pay Less For a New Furnace in Toronto

The average home requires a new furnace installation every twenty years. You may need a furnace installation if your furnace suddenly stops working, or you need to upgrade to a more efficient furnace. How much is a new furnace? The typical price range for a high-efficiency furnace from a licensed HVAC contractor is $3500-$5500. The exact pricing will vary depending on brand or model, installation factors, BTU output and efficiency, and unit size, among others. You may incur a cost that is slightly above the average price range if you invest in a premium brand, a top-of-the-line unit or a complicated installation.

You should be cautious if a new furnace cost Ontario is exceptionally low. Suppose the prices are much lower than the average market prices. In that case, the chances are that you will have a hastily done installation, used or low-end components, and limited ongoing support & labour warranty coverage. Very low prices could also mean that you are working with a less established HVAC contractor or a contractor lacking in licensing & certification and/or insurance.

Picking the Right Furnace Brand and Model For Your Home with New Furnace Cost in Canada

Carrier, Lennox and Goodman

    Carrier Furnace Price and Comparison Chart
    Carrier is a market leader among premium furnace brands. Explore the comparison chart below to discover what to expect from different Carrier furnace models, including the pricing, heating capacity, features, rebate eligibility, and financial incentives. Carrier home furnaces reduce utility costs in a potentially sizable way since they offer up to 98.5% AFUE efficiency. Explore the prices below to find the right furnace for you.
    Model Efficiency Stages Blower Motor Cool Cash
    SIZE (BTU/hr) x 1000
    Infinity™ 98
    97-98% fully modulating ECM (DC):
    true variable speed
    + $250 Carrier
    Infinity™ 96
    96-97% two stage ECM (DC):
    true variable speed
    + $175 Carrier
    Performance™ 96
    96-97% two stage ECM (DC):
    true variable speed
    + $75 Carrier rebate*
    Comfort™ 96
    95-96% single stage constant speed (AC)

    You receive up to a 10-year labour warranty and a 10-year parts factory warranty when you install a Carrier furnace in Toronto with Airmakers. Enjoy a lifetime parts warranty on all the primary and secondary heat exchangers. Ensure that you register the furnace’s serial number within 60 days of your furnace installation date to activate your warranty. If you’ve purchased a Carrier furnace alongside a Carrier A/C or any other Carrier products, ensure that you ask us about the Carrier Cool Cash rebate during the installation process. Under certain circumstances, you can enjoy many cost savings under the rebate program. Please note that this is a guide to help you compare costs for different Carrier furnace models.

    Lennox Furnace Price and Comparison Chart
    Find below a Lennox furnace comparison chart showing different models of Lennox furnaces. The chart displays the key selling points for each Lennox furnace model, including efficiency, contrast heating stages, rebate eligibility, and blower motor. Lennox furnaces are popular for their high-efficiency tech, minimalistic design, and whisper-quiet operation. This has earned the brand a top position in the premium furnace listings across the world. Lennox home furnaces range between 45,000 BTU/hour and 135,000 BTU/hr.
    Model Efficiency Stages Blower Motor
    SIZE (BTU/hr) x 1000
    ML196 96% single stage constant speed (AC)
    ML296 96% two stage variable speed (DC)
    EL296XE 96% two stage multi-speed (DC)
    EL296XV 96% two stage variable speed (DC)
    SLP98 98% modulating variable speed (DC)
    Goodman Furnace Price and Comparison Chart
    Goodman has a long-standing reputation of exceptionally built furnace units with an unmatched appeal to customers, all available on a budget. The furnace comparison chart below helps you see what distinguishes Goodman from other furnace models. Type of blower motor, heating stages, and rebate eligibility are some of the features that distinguish Goodman furnace from other furnace brands. Despite providing the same efficiency level as other premium furnace brands in the market, Goodman furnaces are affordable. As a result, Goodman is among the most common furnace models we install at Air Makers.
    Model Efficiency Stages Blower Motor
    SIZE (BTU/hr) x 1000
    GMES 96% single stage constant speed (AC)
    GMEC96 96.0% two stage ECM (DC)
    GMVC96 96.0% two stage ECM (DC)
    GMVM97 97.0% modulating ECM (DC)
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What To Consider Before Purchasing New Furnace in Toronto

You should not just focus on the cost of a furnace in Toronto; you should also ensure that the furnace has a good parts warranty. A warranty means that the manufacturer has tested the furnace model and is confident in its quality to offer a guarantee. A good furnace should have a parts warranty of 10 years. At times, you have to register for warranties after purchasing a furnace. A warranty gives you peace of mind; you will be eligible for a free repair or replacement if the furnace malfunctions within the warranty period.

Efficiency Rating & Long-Term Value

In addition to considering Toronto furnace pricing, you should also consider the efficiency rating when choosing the right furnace to buy. Efficiency rating matters because a good AFUE rating of 90+ will have less impact on the environment and save you money over time. Ensure that you also consider a furnace’s ENERGY STAR ratings. These ratings indicate that the furnace unit has undergone comprehensive testing overseen by Natural Resources Canada and proven to be efficient.


It is important to think long-term, not just short-term when considering the upfront cost of a furnace. You might feel tempted to go for a cheaper furnace with an AFUE rating of 90%. A rating of 90% means for every dollar, 90 cents will go towards heating your home. However, it would be more economical to invest in a unit with an AFUE rating of 95%, even if the unit may cost more. An AFUE rating of 95% means that you will save 5 cents on every dollar!

Features Spotlight: Control Panels

It’s important to focus on a furnace’s features in addition to the new furnace price. In recent years, the conventional thermostat control has been making way for advanced, communication, and technology-driven control panels. This section gives you more insight into more than just what is the cost of a new furnace. Instead, we focus on these smart and connected controls’ features.


For many years, thermostats (traditional controls) have been the primary control of furnaces. Thermostats allow property owners to schedule when and how the furnace runs and to programme the desired temperature. As a result, thermostats are a basic and crucial part of any heating system.


Smart or Connected Controls – many modern furnaces (both premium and mid-tier) are complete with controls that feature additional technology that helps keep homeowners comfortable. Some of the primary features of a smart or connected control panel are:

  • The furnace allows you to set different schedules and temperatures depending on the season, day of the year, or time of day.
  • You can access home energy usage data and use this data to make your future heating decisions.
  • The smart control panel can send data back to the furnace manufacturer’s control centre. This data enables technicians or manufacturers to diagnose any problems with your system.
  • You can access and control the furnace using any smart device like a smartphone or tablet.
  • When certain components like air filters, UV light filters, and humidifier filters need changing, the smart control panel displays automatic reminders.

Examples of smart or connected technology on various brands include:

  • Lennox: iComfort® S30
  • Carrier: Infinity Control
Why Choose Air Makers – Place That Offers the Best Furnace Prices in Toronto
  • Best Furnace Toronto Prices
  • Same-Day Emergency Installation
  • Fast Services
  • Award-Winning Carrier Dealer 2013
  • Award-Winning Carrier Dealer in 2014
  • Award-Winning Carrier Dealer in 2015
  • Award-Winning Carrier Dealer in 2016
  • Award-Winning Carrier Dealer in 2017
  • Award-Winning Carrier Dealer in 2018
  • Award-Winning Carrier Dealer in 2019
  • Award-Winning Carrier Dealer in 2020
  • Award-winning Premier Lennox Dealer in 2014
  • Award-winning Premier Lennox Dealer in 2015
  • Award-winning Premier Lennox Dealer in 2016
  • Award-winning Premier Lennox Dealer in 2017
  • Award-winning Premier Lennox Dealer in 2018
  • Award-winning Premier Lennox Dealer in 2019
  • Award-winning Premier Lennox Dealer in 2020
  • North America’s Top 1% Lennox Dealer for many years in a row
  • Largest Inventory of Furnaces
  • Largest Inventory of HVAC parts and accessories
  • Dedicated Service teams
  • Largest Inventory of Air Conditioners
  • No complaints filed on BBB
  • 97% HomeStars Rating
  • A+ Rated on BBB
  • Unmatched Expertise
  • We Are Everywhere
  • 4.5 Google Rating
  • Best Tools and Install Material
  • Builder Warranty on Furnaces
  • Professional Workmanship
  • ESA Certificates on A/C installs (ESA ACP program)
  • Best Of HomeStars 2019
  • Best Of HomeStars 2020
Frequently Asked Questions
  • How much is a furnace in Toronto without installation?

    The average cost of a furnace without installation ranges between $1,200 and $3,000. The exact price will depend on several factors like the model, brand, and efficiency. However, it is important to note that furnace manufacturers and distributors do not directly sell furnaces to consumers. Instead, they supply the furnaces to local contractors who are also certified installation and servicing experts. Consumers can then purchase the furnaces from the local contractors.

  • How much do a new furnace and air conditioner cost?

    If you purchase a furnace and an air conditioner together, you could access attractive discounts. Thus, it would be more economical to buy the two units together instead of one at a time. A furnace and an air conditioning unit range between $5,000 and $ 10,000. This price is inclusive of the installation costs. The price will vary depending on several factors like the model, brand, and other considerations.

  • How much is a furnace warranty?

    When you purchase a new furnace, the furnace often comes with warranty coverage. However, consumers can still purchase an extended furnace warranty for several hundred dollars. There are several types of warranties. The furnace manufacturer provides a parts warranty while the local contractor offers a labour warranty from whom the consumer purchases the furnace and who also does the furnace installation. Usually, local contractors provide a one-year labour warranty, usually included with the purchase. If the furnace malfunctions within the first year, you will enjoy free repair and servicing.

  • How much does a furnace humidifier cost?

    A humidifier is usually attached to the furnace, usually on the furnace’s cold air return duct. The cost of a humidifier ranges between $300 and $600. Most homeowners install a humidifier at the same time as when they are replacing their furnace with a new one.

  • How much does a furnace cost to operate per month?

    The average monthly cost of operating a furnace ranges between $50 and $150 for many homeowners. The annual cost of operating furnace aggregates to $800-$1,500. This cost mainly consists of fuel costs like propane or natural gas. The cost often increases during the winter months when outdoor temperatures are low and decreases during the summer months when it is hot. Certain utility companies provide property owners with equalized billing to enable them to have a more predictable monthly and yearly budgeting. The operating costs will vary depending on other factors like where you stay, the local climate, the size of your home, and its insulation level, among other factors.

  • How much does a furnace quote cost?

    Most HVAC contractors in Toronto will be willing to provide you with a free estimate. Furnace quotes often involve an in-home consultation where the contractor comes to your home. However, the final price will depend on the various installation requirements unique for every home. Many HVAC companies will offer a general consultation on the phone. At Airmakers, we give free furnace quotes to our clients. You can visit our website to access and compare free quotes from certified local HVAC contractors in Toronto.

  • How much does furnace ductwork cost?

    Installation of new ductwork in your home is a costly and complicated job. New ductwork installation requires extensive work, usually costing thousands of dollars. The installation expert will first have to tear down the walls and ceiling to pave the way for ductwork installation. Since most homes in Canada rely on forced-air heating, they already have the ductwork installed in their walls. Therefore, when you purchase a home, the chances are that you won’t have to install the ductwork.

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