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  1. Oct 6, 2022 · Furnace oil has been sitting around $1.50 to slightly over $1.60 per litre, give or take, for the past few months, down from a high of slightly over $2 per litre earlier this year.

  2. Mar 9, 2024 · 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 .

  3. Jun 2, 2022 · And why it’s likely quite a bit higher than the last time you sought out an HVAC service. For reference, you can see the latest average furnace prices, air conditioner prices, and ductless heat pump prices in Canada.

  4. May 23, 2024 · Heating a home with natural gas costs about $160 during the colder months, while electric heating is a bit cheaper at $110 per month. Unfortunately, heating costs across Canada are on the rise, making it increasingly difficult for many to manage monthly energy expenses.

  5. 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,...

  6. Apr 8, 2024 · High-efficiency oil furnaces cost, on average, between $6,000 and $9,175. These furnaces may cost more up-front, but you can save more than $1,275 in lifetime energy costs if you buy a more efficient furnace, according to the Department of Energy .

  7. Apr 29, 2024 · A new oil furnace installation with an oil tank replacement costs $4,200 to $8,800. Oil furnace prices are $1,200 to $4,000 for the oil burner, plus $1,000 to $3,000 for installation labor. High-efficiency oil furnaces cost $3,000 to $10,000. Oil furnace replacement cost - chart.

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