Brampton Furnace Prices Are All Over the Place — Here's What's Real

If your furnace is over 15 years old or breaking down more than once a year, you're probably wondering what a replacement actually costs. The honest answer: it depends on the brand, efficiency, and whether you rent or buy. This guide breaks it all down without the sales pressure.

What Does a New Furnace Cost in Ontario in 2026?

Furnace prices in Ontario have stabilized after the post-pandemic supply chain issues. Here's what you can expect to pay from a licensed TSSA-certified installer in 2026:

Tier	Model	Efficiency	Monthly Rental	Purchase Installed
Good	Lennox ML196	96% AFUE	$43.99/mo	$3,555
Better	Lennox ML296	96% AFUE Dual-Stage	$47.99/mo	$4,555
Better	Midea MGV96	96% AFUE Dual-Stage	$43.99/mo	$3,222
Best	Lennox EL297	98% AFUE Modulating	$55.99/mo	$5,555

These prices include removal of your old furnace, full installation, gas line connection, venting, and a post-install inspection. No hidden fees.

Why Does Furnace Price Vary So Much?

You might see quotes ranging from $1,800 to $8,000 for a furnace in Ontario. Here's why the gap exists:

• Unlicensed installers quote low but aren't TSSA certified — this voids your warranty and can void home insurance
• Premium dealers charge $6,000+ for units we install for $3,222
• Efficiency tier — single-stage costs less than modulating
• Home size — larger homes need more BTUs which costs more
• Extra work — new venting, gas line upgrades, or electrical work adds cost

Rental vs Purchase — Which Makes More Sense?

Rental — From $43.99/mo

Rental is the most popular choice for Ontario homeowners who don't want a large upfront expense. With GT Home Services, your rental includes installation, annual maintenance, and 12 years of full parts and labour coverage. If anything breaks in the next 12 years, we fix it at no charge.

Purchase — From $3,222

Purchasing makes sense if you plan to stay in your home long-term and want to own your equipment outright. After installation, you own the unit and are responsible for maintenance and repairs — but you pay nothing monthly.

When Should You Repair vs Replace?

• Replace if your furnace is over 15 years old, requires frequent repairs, or your heating bills are significantly higher than neighbours
• Repair if the unit is under 10 years old and the repair cost is less than $500
• The 50% rule — if the repair costs more than 50% of a new furnace, replace it

Ontario Rebates for Furnace Replacement in 2026

Ontario homeowners upgrading to a high-efficiency furnace may qualify for:

• Enbridge Gas Home Efficiency Rebate Plus — up to $400 for 96%+ AFUE units
• Canada Greener Homes Grant — up to $600 for qualifying upgrades

Our technicians can help you identify and apply for available rebates after installation.

We Serve All of Ontario

GT Home Services provides furnace installation and replacement across Ontario including: