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Furnace · Pricing Guide · 2026

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

By GT Home Services · August 2026 · 8 min read

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.

Quick Answer

Furnace replacement in Brampton costs $3,222 to $5,555 for a purchase including installation. Rental plans start at $43.99/month with zero upfront cost and full 12-year coverage.

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:

TierModelEfficiencyMonthly RentalPurchase Installed
GoodLennox ML19696% AFUE$43.99/mo*$3,555*
BetterLennox ML29696% AFUE Dual-Stage$47.99/mo*$4,555*
BetterMidea MGV9696% AFUE Dual-Stage$43.99/mo*$3,222*
BestLennox EL29798% AFUE Modulating$55.99/mo*$5,555*

*Includes standard installation only. Any extra work your home needs is quoted before we start.

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:

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.

10-Year Cost Comparison

Rental at $43.99/mo for 10 years = ~$5,279 total, including all repairs and maintenance. Purchase at $3,222 + average $400/year in maintenance/repairs = ~$7,222 total. Rental wins on long-term cost for most homeowners.

When Should You Repair vs Replace?

Are There Furnace Replacement Rebates in Ontario in 2026?

The two programs that paid toward high-efficiency furnaces, Enbridge Gas Home Efficiency Rebate Plus and the Canada Greener Homes Grant, stopped taking new applicants on February 5, 2024. Newer programs focus on heat pumps:

Ask us about current offers when we quote.

We Serve All of Ontario

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

Brampton Mississauga Toronto Vaughan Milton Oakville Markham Orangeville Hamilton Guelph Barrie Niagara Falls St. Catharines Kitchener Peterborough London Ajax Whitby Oshawa Richmond Hill Newmarket Aurora Pickering Burlington Caledon Halton Hills Woodstock Brantford Cambridge Waterloo Stouffville Bradford Innisfil Collingwood

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