Shopping for a new furnace, air conditioner, or heat pump in Toronto? You’ve probably seen a lot of “call for pricing” pages and felt like you were left in the dark. We’re flipping the script.
Below, you’ll find clear 2026 pricing, active rebates, real monthly payments, and a breakdown of exactly what you save—including the exclusive 15% back as a Costco Shop Card when you install through our Costco‑approved program. No fluff, no “contact us for every detail.”
🔥 Current HVAC Promotions at a Glance
Use this table as your starting point. All prices are installed in the GTA and include standard labour, basic permits, and removal of your old equipment (but not major electrical or ductwork upgrades).
| System | Starting Installed Price | Monthly Payment (OAC) | 2026 Rebates Available |
|---|---|---|---|
| Furnace (96% AFUE, single‑stage) | From $3,800 | From $29/month | Up to $500 (Enbridge) |
| Air Conditioner (14 SEER2, 2‑ton) | From $4,200 | From $59/month | $0–$150 (limited local utility) |
| Central Heat Pump (cold‑climate, 2‑3 ton) | From $8,000 | From $89/month | Up to $7,500 (HRSP / Enbridge) |
| Ductless Mini‑Split Heat Pump (single zone) | From $4,500 | From $59/month | Up to $5,000 (CGH Grant) |
| Tankless Water Heater | From $3,200 | From $39/month | Up to $500 (HRSP) |
| Furnace + AC Combo (full system) | From $7,500 | From $79/month | Up to $1,500 (Enbridge combo rebate) |
| Furnace + Heat Pump Combo (hybrid) | From $11,000 | From $129/month | Up to $7,500+ (stacked rebates) |
💡 OAC = On Approved Credit. Monthly estimates assume 10‑year financing at 4–7% APR, which is typical for HVAC financing in Ontario as of 2026. Your actual rate depends on your credit and the financing plan you choose (Lennox promotional financing starts as low as 0% for qualified buyers).
🏠 Why Homeowners Choose For Saving Home Service
You’re not just buying a metal box. You’re buying reliability, warranty support, and someone to call when it’s −20°C outside.
- Costco Authorized Dealer for Lennox – You get the trusted Costco warranty and a 15% Shop Card on the total installed cost.
- AHRI Heat Pump Champion Award – Recognized for excellence in heat pump design and installation.
- Government Rebate Authorized Contractor – We handle all paperwork for the Home Renovation Savings Program (HRSP), Enbridge, and federal grants. (See our full rebates guide for 2026 amounts.)
- 4.9+ Star Rating on HomeStars – Verified by hundreds of GTA homeowners.
- Serving the GTA Since 2008 – Thousands of installations in Toronto, Markham, Richmond Hill, Vaughan, Mississauga, Oakville, and Newmarket.
- Flexible Financing Available – 0% promotional offers and low‑monthly payment plans (OAC).
- 10‑Year Parts Warranty (on Lennox equipment) – Plus extended labour warranties available.
This combination of local experience and national buying power is why we’re the top‑rated Lennox dealer in the GTA.
🚀 Why We’re Different
Few of our competitive advantage we have:
🛒 Costco Authorized Dealer for Lennox
We’re one of the few GTA contractors approved by Costco to install Lennox equipment. When you book through our Costco program, you get:
- 15% back as a Costco Shop Card (on total installed cost).
- Lennox Elite Products – Some of the most efficient and reliable HVAC systems on the market.
- Professional Installation – Our NATE‑certified team has been vetted by Costco.
- Manufacturer Warranty – Full Lennox factory warranty, plus Costco’s satisfaction guarantee.
Most GTA contractors can’t offer this. We can – and it saves you real money. For full details, visit our dedicated Costco HVAC promotion page.
🏆 AHRI Heat Pump Champion Award
We don’t just install heat pumps – we design them to perform. The AHRI (Air‑Conditioning, Heating, and Refrigeration Institute) award recognizes excellence in heat pump system matching, which translates to lower energy bills and fewer service calls for our customers. Learn more about our heat pump installation process.
📋 Government Rebate Authorized Contractor
We are fully authorized to submit rebate applications for:
- Home Renovation Savings Program (HRSP) – Up to $12,000 for ground source heat pumps, $7,500 for cold‑climate air source heat pumps, and $500 for heat pump water heaters.
- Enbridge Home Efficiency Rebate – Up to $5,000 for qualifying upgrades.
- Canada Greener Homes Grant – Up to $5,000 for heat pumps (application deadline may vary, but we verify your eligibility in real‑time).
We handle the paperwork so you don’t have to chase rebates yourself. Check your eligibility on our rebates page.
⭐ 4.9+ Stars on HomeStars (Verified GTA Customer Reviews)
Hundreds of real homeowners have rated us. Here’s what they’re saying:
*“For Saving installed our heat pump in Markham. They handled the rebate from start to finish – we got over $6,000 back and our summer hydro bill dropped by $70/month. Great communication, clean work.”* – Lisa M., HomeStars
“Our old furnace died in February. They came the next day, installed a Lennox furnace and AC combo. The Costco Shop Card was a nice surprise – we bought a new TV with it.” – David T., Toronto
“Tankless water heater install in Vaughan. The old tank was leaking. They gave us a firm price, showed up on time, and cleaned up perfectly. Will use them again for our AC replacement.” – Sarah K., HomeStars
These aren’t paid reviews. They’re from your neighbours in the GTA.
📍 Serving the GTA Since 2008
We’re local. We know which homes have ductwork issues, which neighbourhoods have older electrical panels, and which municipalities require specific permits. Our team lives and works in:
- Toronto (Etobicoke, North York, Scarborough, Downtown, The Beaches)
- Markham
- Richmond Hill
- Vaughan
- Mississauga
- Oakville
- Brampton
- Newmarket
For city‑specific information, see our furnace installation and air conditioner installation guides.
💰 Flexible Financing Available
We don’t expect you to write a $10,000 cheque. We partner with multiple financing providers to offer:
- 0% interest promotional periods (on approved credit)
- Low monthly payments starting at $29/month for furnaces and $59/month for air conditioners (OAC)
- No down payment options for qualified homeowners
- Long terms up to 20 years, keeping payments affordable
Ask your estimator for current financing offers – they change seasonally. Explore all financing options here.
🔧 10‑Year Parts Warranty (on Lennox Equipment)
All Lennox equipment we install includes a 10‑year limited parts warranty and a 20‑year or lifetime heat exchanger warranty (depending on the model). Extended labour warranties are also available for complete peace of mind.
🛒 Costco Member? Get 15% Back on Your HVAC Purchase
This is our biggest advantage – and yours. For Saving is a Costco‑approved Lennox dealer in the GTA.
Here’s how the Costco program works:
- You request a quote through our Costco‑linked program (mention it when you call or fill out the form).
- We install your new Lennox furnace, AC, or heat pump – with the same NATE‑certified team and full warranty.
- You receive 15% back as a Costco Shop Card on the total installed price.
Example: If your Lennox heat pump installation costs $12,000, you get a **$1,800 Costco Shop Card** – essentially $1,800 of free groceries, gas, or anything else Costco sells.
And yes, you can stack this with government rebates and manufacturer promotions. No other GTA HVAC provider offers this combination of savings.
💡 Pro tip: The Costco program applies to furnaces, air conditioners, heat pumps, and tankless water heaters. Ask your estimator for the current Costco‑exclusive promotion – it changes quarterly.
For full details on the Costco program, including current Shop Card percentages, visit our Costco HVAC Deals page.
💰 2026 Rebates & Incentives in Ontario (Fact‑Checked)
Below are the active rebate programs for Ontario homeowners as of June 2026. All amounts have been verified from official program sources.
| Rebate Program | Rebate Amount | Best For | Stackable? |
|---|---|---|---|
| Home Renovation Savings Program (HRSP) – Single Upgrade Stream | Up to $7,500 for cold‑climate ASHP | Replacing AC with heat pump (no audit required) | ✅ Yes (with other programs) |
| Home Renovation Savings Program (HRSP) – Assessment Stream | Up to $12,000 for GSHP, $10,000 for solar + storage | Homeowners doing multiple upgrades | ✅ Yes |
| Enbridge Home Efficiency Rebate | Up to $5,000 | Enbridge gas customers switching to heat pump | ✅ Yes |
| Canada Greener Homes Grant | Up to $5,000 | Heat pump installations (pre‑audit required) | ✅ Yes |
| Local Utility Rebates (Toronto Hydro, Alectra, Hydro One) | $300 – $1,000 | Heat pump or AC replacement in service territory | ✅ Yes |
| Oil to Heat Pump Affordability (OHPA) | Up to $15,000 | Switching from oil to heat pump | Limited stack |
📌 Key 2026 Program Details
- Home Renovation Savings Program (HRSP) is the main 2026 program delivered through Enbridge Gas and Save on Energy.
- Canada Greener Homes Grant remains active in 2026 but requires a pre‑installation EnerGuide assessment ($600 rebate available to offset the cost).
- Enbridge Home Efficiency Rebate offers up to $5,000 for Enbridge gas customers, with a simple application through your contractor.
- No pre‑audit required for heat pump‑only rebates under the HRSP single upgrade stream – a major simplification in 2026.
For Saving’s role: We verify your eligibility before you sign anything, submit all required documentation, and ensure you receive every rebate dollar you qualify for.
🗓️ HVAC Deals in Markham, Richmond Hill, Vaughan, Toronto & Newmarket
One of the most powerful ways to rank for local searches is to address homeowners where they live. Below are short, scannable sections for the GTA cities we serve most often.
📍 Markham
Popular in 1950s–1980s bungalows and two‑storey homes. Many Markham homes have finished basements with no existing ductwork – making ductless heat pumps or SpacePak high‑velocity systems ideal. Local permits are required for all HVAC replacements. See our ductless heat pump guide for Markham‑specific options.
📍 Richmond Hill
Newer developments (post‑2000) often have undersized ductwork for modern AC. Richmond Hill homeowners can benefit from furnace + AC combos with full system matching, which also maximizes warranty coverage. Check our furnace installation page for combo pricing.
📍 Vaughan
Vaughan’s mix of custom homes and townhouses means zoned systems and variable‑speed heat pumps are popular. We also see a high volume of tankless water heater replacements in Vaughan’s older subdivisions.
📍 Toronto (Etobicoke, North York, Scarborough, Downtown)
The most diverse HVAC market in the GTA. Heritage homes need high‑velocity systems (SpacePak, Unico). Downtown condos need ductless mini‑splits. Older Scarborough bungalows need full furnace + AC combos. We do all of it. Learn about our air conditioner installation options for Toronto homes.
📍 Newmarket
Newmarket’s colder winters (compared to downtown Toronto) make cold‑climate heat pumps an excellent choice. Many homeowners qualify for the Oil to Heat Pump Affordability (OHPA) program if they’re switching from oil heating.
📞 Call us for a free quote: (647) 896‑6690 – we serve all of the above cities and more.
🔍 The 2026 HVAC Buyer’s Toolkit (FAQs)
These questions are searched by thousands of Ontario homeowners every month. We answer them directly – no marketing spin.
What HVAC rebates are available in Ontario right now (2026)?
Ontario homeowners have access to:
- Home Renovation Savings Program (HRSP) – Up to $7,500 for a cold‑climate air source heat pump (single upgrade stream) or up to $12,000 for ground source (assessment stream).
- Canada Greener Homes Grant – Up to $5,000 for qualifying heat pumps (pre‑audit required).
- Enbridge Home Efficiency Rebate – Up to $5,000 for Enbridge customers switching to heat pumps.
- Oil to Heat Pump Affordability (OHPA) – Up to $15,000 for converting from oil to a heat pump.
Important: The Canada Greener Homes Loan is closed to new applications as of 2026. The Grant remains active but requires an EnerGuide assessment. For a full breakdown, visit our rebates page.
How much does a new furnace cost in Toronto (2026)?
For a standard‑efficiency furnace (96% AFUE) installed in the GTA, you’ll typically pay between $3,800 and $5,500. High‑efficiency modulating furnaces (98%+ AFUE) range from $6,000 to $9,000 installed. These prices include removal of your old unit and basic venting modifications. See our complete furnace installation guide for more details.
Is a heat pump worth it in Ontario?
Yes, for most GTA homeowners. A cold‑climate heat pump (ccASHP) can heat effectively down to −25°C, and pairing it with your existing gas furnace as a hybrid system gives you the best of both worlds. In 2026, the HRSP rebate can cover up to $7,500 of the cost, and energy savings typically run **$1,200–$1,800 per year** compared to oil or electric resistance heat. Explore our heat pump installation page for case studies and sizing advice.
Can I finance my HVAC system with no money down?
Yes. We offer $0 down financing for qualified homeowners. Options include:
- 0% interest promotional periods (on approved credit)
- Long‑term financing up to 20 years through partners like FinanceIT
- **Monthly payments as low as $29** for a furnace or $59 for an air conditioner (OAC)
Learn more on our financing page.
What brands do you install?
We are a Lennox Premier Dealer – our primary brand. Lennox offers some of the highest SEER ratings (up to 26) and best warranty coverage in the industry. We also install other brands upon request, but we recommend Lennox for its reliability, parts availability, and our long‑standing relationship with the manufacturer.
Are Costco promotions better than regular HVAC deals?
Yes, for the same equipment. Through our Costco program, you receive:
- 15% back as a Costco Shop Card on the total installed price
- Lennox factory warranty (unchanged)
- Professional installation by our NATE‑certified team
No other discount or rebate structure gives you cash‑back (in the form of a Shop Card) on top of government rebates. It’s essentially a free bonus on a purchase you were already making. See the Costco HVAC promotion page for current offers.
What’s the best time of year to buy an HVAC system in Ontario?
The shoulder seasons – spring (March–May) and fall (September–November) – offer the best combination of lower demand, faster installation availability, and seasonal manufacturer promotions. Summer (peak cooling season) and winter (peak heating season) often come with longer wait times and fewer discounts.
Do I need a permit for HVAC installation in Ontario?
Yes. Every municipality in the GTA requires a permit for furnace, AC, and heat pump installations. Your contractor should include permit costs in the quote (typically $300–$800). Unpermitted work can void your home insurance and cause issues when you sell. We always pull permits for every installation.
How long does a typical HVAC installation take?
- Furnace replacement: 4–8 hours (one day)
- AC replacement: 4–6 hours (one day)
- Heat pump installation: 6–10 hours (one day)
- Furnace + AC combo: One full day (8–10 hours)
- Ductless mini‑split: One day per indoor head
Complex installations (ductwork modifications, electrical panel upgrades) may take 2–3 days. We provide a clear timeline before starting any work.
What is the lifespan of a new furnace or AC?
- Gas furnace: 15–20 years with annual maintenance
- Central AC: 12–15 years
- Heat pump: 12–15 years (outdoor unit), 20+ years (indoor air handler)
- Tankless water heater: 20+ years with annual descaling
All Lennox equipment we install includes a 10‑year limited parts warranty and extended warranty options for labour. For more on warranties, see our air conditioner installation page.
🏁 Final Verdict: How to Get the Best HVAC Deal in the GTA (2026)
If you’re a Costco member: The 15% Shop Card + rebates + Lennox quality makes our Costco program the best‑value HVAC offer in the GTA.
If you’re replacing a furnace only: Look at standard‑efficiency 96% AFUE models in spring (March–May) when manufacturer promotions are highest.
If you’re replacing AC only: Pair it with a heat pump instead – the incremental cost is small, and the HRSP rebate can cover up to $7,500, making the heat pump cheaper than an AC alone.
If your furnace and AC are both over 12 years old: Replace them together as a combo system – you’ll save on labour, get a perfectly matched system, and qualify for maximum rebates.
If you’re considering financing: Ask about 0% promotional offers and long‑term low‑interest plans. Most homeowners pay less per month than their energy savings, making the upgrade cash‑flow positive from month one.
Request a Free HVAC Quote
☎ 416-335-0881 Or Contact US
✓ Same Day Estimates ✓ Financing Available ✓ Rebate Assistance ✓ Costco Authorized Dealer
- Run a free Manual J load calculation (no obligation)
- Show you all applicable rebates before you sign anything
- Quote you a firm, upfront price – no hidden fees
- Handle all permits and rebate paperwork
