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  1. Feb 15, 2024 · Furnace Prices and Replacement Costs. The average cost of buying a new furnace, or replacing your furnace in Canada varies based on a variety of factors. Typically, a new residential gas furnace including installation, will cost between $4,000 – $6,500 on average.

  2. Oil Furnaces: If your furnace relies on heating oil for combustion, the average price can range between $6,750 - $10,000 or more.1 This range is based upon an oil furnace sized to heat a 1,600 – 2,000 square-foot home.

  3. On average, homeowners can expect to pay between $2,500 and $7,500 for a new furnace installation. The size of your home: The square footage of your home plays a crucial role in determining the size and capacity of the new furnace. Larger homes may require more powerful furnaces, which can increase the overall cost.

  4. Sep 29, 2023 · On average, homeowners pay between $2,817 and $6,812 for a new furnace, but this range varies based on the cost of installation, size and power source. According to The Washington Post, about 47% ...

  5. Apr 17, 2024 · According to ENERGY STAR, certified furnaces reduce energy costs between $30 and $80 per year on average, making them 11% to 15% more efficient than standard models. If you choose a variable-speed motor, the most energy-efficient furnace blower motor type, the model can pay for itself over a few years of lower energy consumption.

  6. Jun 28, 2024 · In this scenario, your annual heating costs would drop from $1,000 to $650, resulting in a savings of $350 per year. Over the typical 15-year life span of a furnace, those savings would amount to ...

  7. Make sure you have your valid PR card. Renew your PR card before leaving Canada. If you need your application processed urgently, check if you qualify for urgent processing. Even if you qualify for urgent processing, we can’t guarantee that you’ll get your PR card on time. We can’t process PR card applications in less than 3 weeks.