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  1. 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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  2. 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 .

  3. 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. In early...

  4. Oct 27, 2022 · As of Oct. 21, a litre of home heating oil costs $1.875 per litre. But what does that mean for the average Islander? P.E.I. homeowners ditching furnace oil for heat pumps as prices soar....

  5. Jan 25, 2024 · The cost of home heating oil for households in Canada in 2023 was between 40 and 70 percent higher than it was in 2020 depending on the province or territory— while the cost of residential natural gas increased by 15 to 30 percent over the same period depending on the province.

  6. May 15, 2024 · Key Takeaways. The initial expense of an oil furnace depends on factors like brand, efficiency ratings, and heating capacity. Brands like Armstrong, Carrier, Lennox, Rheem, and Trane offer different models with varying prices, typically ranging from $2,400 to $7,000 CAD.

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  8. Dec 11, 2020 · The maximum price for furnace oil is now $0.78 per litre. There was no change to the price of gas or diesel. Prices for regular unleaded gasoline will range from $1.00 to $1.01 per litre.