2026 Price Guide

What Does a New HVAC System
Really Cost in 2026?

Real starting prices for furnaces, air conditioners, heat pumps, water heaters and ductless systems — plus exactly what changes the price and how to pay less. From Temple Construction Corp.

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Real Starting PricesPublished, not hidden behind a sales call

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Monthly FinancingSee your monthly payment in our instant quote

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Bundle & SaveDiscount when you install more than one system

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2026 starting prices

HVAC Installation Prices at a Glance

System	Starting from*	What moves the price
Furnace	$3,500	Home size, brand, efficiency package, venting
Central air conditioner	$3,900	Home size, brand, coil replacement, electrical
Cold-climate heat pump	$5,200	Capacity, brand, backup heat — rebates apply
Water heater	$2,600	Tank vs tankless, brand (Bosch, Rinnai, Navien)
Ductless mini-split	$2,900	Number of indoor zones, brand
Furnace + AC together	Bundle price	Installing more than one system earns a bundle discount

*Starting prices for a standard installation by Temple Construction Corp, before HST. Your exact price comes from your free quote or our instant online quote.

What changes the price

5 Things That Move Your Price

Size of your home. Bigger homes need more capacity — we size equipment to your square footage instead of guessing.
Brand. We install Midea (Carrier partner), Lennox and Carrier — each a step up in price and features.
Efficiency package. Essential, Premium or Ultra Elite — higher tiers add efficiency, smarter thermostats and longer labour warranties (up to 10 years).
Add-ons. Smart thermostat, air quality package, whole-home humidifier, duct cleaning and more.
Your home's setup. Venting changes, electrical upgrades, a new AC coil or air handler, or extra ductless zones all affect the final price.

How to pay less

Ways to Save on a New System

Choose a heat pump when it makes sense — it's the upgrade that qualifies for rebates. See the 2026 rebate guide →
Bundle systems. Replacing the furnace and AC together costs less than doing them separately.
Finance it. Monthly payment plans are available — our instant quote shows your monthly payment.
Stop renting. A rental can cost $15,000+ over 10 years for equipment you never own. Try the rent-vs-own calculator →

FAQ

Common Questions

How much does a new furnace cost in Ontario?

At Temple Construction Corp, a new high-efficiency furnace installation starts from $3,500 before HST. Home size, brand, efficiency package and venting or electrical work affect the final price.

How much does central air conditioning cost to install?

A new central air conditioner installed by Temple starts from $3,900 before HST, depending on home size, brand, and whether the indoor coil needs replacing.

How much does a heat pump cost?

A cold-climate heat pump installed by Temple starts from $5,200 before HST. Heat pumps also qualify for rebates — up to $7,500 in Ontario and $2,000 in Manitoba, depending on your home.

Is it cheaper to replace the furnace and AC at the same time?

Usually, yes. Installing both together saves on labour and earns a bundle discount compared with replacing them separately.

Is renting a furnace or water heater cheaper than buying?

Over time, rarely. Rentals can cost $15,000 or more over 10 years for equipment you never own. Buying — with financing if needed — usually costs less in the long run.

Want Your Exact Price?

Get a free, no-obligation quote for your home — or build your system in our instant online quote. We'll call you back within 10 minutes.

Call (647) 819-8235

What Does a New HVAC SystemReally Cost in 2026?