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  1. Mar 9, 2024 · How Much Does an Oil Furnace Cost? An oil furnace typically costs between $5,000 and $7,000, with some high-efficiency models reaching up to $10,000. For those considering a replacement, the average cost is similar to other furnace types and ranges from $3,500 to $6,000 .

  2. May 23, 2024 · On average, Canadians spend about $135 monthly to keep their homes warm. Heating a home with natural gas costs about $160 during the colder months, while electric heating is a bit cheaper at $110 per month.

  3. Aug 4, 2016 · Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. Prices by city; Prices by year; All fuels in a combined price chart; Wholesale Prices

  4. Jan 25, 2024 · Homeowners who are fully heating on oil and switch from an oil furnace to an eligible heat pump system could save approximately $1,500 to $4,500 per year on their home energy bills.

  5. Oct 31, 2023 · Using a mid-efficiency oil furnace, it would cost you about $48 to produce a GJ of heat at current P.E.I. prices, not including HST. Taking away the carbon tax would knock that down to about...

  6. Oct 13, 2021 · The average retail price of furnace oil in Canada hit $1.33 per litre in early October, compared to 86 cents a litre and $1.14 a litre during the same period in 2020 and 2019, respectively,...

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  8. Mar 25, 2019 · The current price of heating oil in Canada is CAD 1.51 per liter or USD 1.10 per liter. The latest update was on 01-Jul-2024. We show heating oil price data for Canada from 2019-03-25 to 2024-07-01.