What a Furnace Replacement Costs in Richmond Hill

For a typical Richmond Hill home, a furnace or boiler replacement generally lands somewhere in the $4,000–$7,500 range installed — local market guides for our area consistently show that band. Where you fall inside it depends on the equipment tier, your home's size, venting, and how much correction the existing ductwork or gas line needs.

The biggest price drivers are efficiency tier (a 96%+ two-stage or modulating furnace costs more up front and less every month), sizing (a proper heat-loss-based size sometimes differs from what's installed today), and installation details like venting changes, condensate drainage and code items an inspector will actually check.

Two things shrink the real cost: financing spreads a full upgrade to roughly $100 a month on approved credit, and if you pair the furnace decision with a cold-climate heat pump, Ontario's current program lists rebates up to $7,500 — which can turn a like-for-like replacement into a hybrid system for similar net money.

Be careful with quotes that are only a number on a text message. An itemized written quote — equipment model, scope, venting, permits, warranty — is the only version you can compare or enforce.

Ask every quoting contractor for

• The exact model number, not just the brand
• Heat-loss-based sizing, not a copy of the old label
• Venting, gas and condensate scope in writing
• Permit handling and inspection responsibility
• Labour warranty length, separate from the manufacturer's

Related

Cost figures are typical local ranges for guidance only — your written quote is the number that counts.