Before you purchase a new furnace for your house, it is highly suggested that you thoroughly research the type of furnace or HVAC system that would best be able to meet the needs of your household.
Simple, high-efficiency single-stage home furnace prices range from around $2000 – $4000. Larger multi-stage furnaces suitable for average to large homes, with high BTU output and AFUE (efficiency) ratings of at least 95% typically start at $3000 and up.
Factors which determine prices include: furnace manufacturer or brand, model, BTU output, efficiency rating, and where you live. Furnace prices tend to be lower in major metropolitan areas such as Toronto and the GTA, Hamilton, Kitchener-Waterloo, and Ottawa, as there is more competition among heating and cooling companies.
Natural Gas Furnaces
No matter where you live just so long as you are able to access natural gas you can have a highly effective and well priced gas forced air furnace at your house at a reasonable price. This goes for both natural gas as well as furnaces that use propane gas.
Getting the correct size of furnace unit for your home is important since if it is too big you will end up having a gas furnace that will short cycle on and off leading to inadequate heating for your home. On the other hand one that is too small will run all the time while not properly heating the home thus wasting energy.
Home natural gas furnaces in Ontario and the rest of Canada usually cost between $2500 and $8000.
Propane furnaces are popular in areas that don’t have access to natural gas pipeline infrastructure, namely, rural areas. Prices range from $2500 to $7500 on the high end, including conversion costs. They function similarly to gas furnaces and are comparable in cost. Propane is generally delivered and stored on your property in a large tank.
Electric furnaces are more rarely found in urban homes as there are often higher running costs by way of electric bills. They may be used in places where winters are not harsh. The brand of electric furnace you decide to have installed in your house will have a major impact on the price. In the case of electric furnaces brand is the biggest determinant to price. The installation is slightly higher than that of a gas furnace as the higher the brand is the more one is likely to attract more costly HVACs who are more qualified.
The average electric furnace can cost anywhere from $2000 to more than $7000 including installation. Just like with the gas furnace you need to get the right size for your home in order to provide optimum heating efficiency and efficacy.
Oil furnaces are also in use in various homes especially in those places where heating oil is more common than gas. These ones use forced hot air to spread out heat in the home and the average oil furnace will cost around $3000+ while the cost including installation could go up to $4000+.
Other Furnace Types
There are other furnace types such as wood-burning furnaces which tend to be more popular in the country. These can be cheaper for someone who owns lots of land and has access to plentiful firewood, but generally does not have the ease, convenience, and efficiency of natural gas and other modern furnaces. In Canada, new wood furnaces typically retail for between $1500 and $4500.