Lennox Furnace Prices in Canada (2025): A Buyer's Guide

As the leaves begin to turn and a chill hits the air in Ontario, a reliable furnace isn't a luxury—it's a necessity. If you're starting your search for a replacement, you've undoubtedly come across the Lennox brand. Known for its innovation, efficiency, and unwavering reliability, Lennox is a top choice for Canadian homeowners.

But with various models and features, what does a Lennox furnace actually cost? This guide will break down the different Lennox furnace series, explore key models, and explain the factors that influence your final installed price.

Why Choose a Lennox Furnace?

For over 125 years, Lennox has been a leader in home comfort. Here’s why they stand out:

• Unmatched Energy Efficiency: With some of the highest AFUE (Annual Fuel Utilization Efficiency) ratings in the industry—up to 99%—Lennox furnaces can significantly reduce your monthly heating bills.

• Quiet Operation: Advanced features like insulated cabinets and variable-speed motors mean you'll feel the warmth, not hear it.

• Innovative Technology: From precise temperature control to smart thermostat integration, Lennox furnaces are packed with technology to enhance your comfort.

• Rock-Solid Reliability: Built with high-quality materials and backed by excellent warranties, a Lennox furnace is a long-term investment in your home's comfort and value.

Understanding the Lennox Furnace Tiers

Lennox organizes its furnaces into three distinct series, making it easy to find a model that fits your budget and performance needs.

1. Dave Lennox Signature® Collection: The Best of the Best

This is the premier, top-of-the-line series from Lennox. It offers the absolute highest efficiency, most advanced features, and quietest performance.

• Best for: Homeowners who want the ultimate in comfort, energy savings, and cutting-edge technology.

• Key Features: Up to 99% AFUE, variable-capacity heating that adjusts output in tiny increments for perfect temperature control, and SilentComfort™ technology.

• Popular Model: SLP99V Variable-Capacity Gas Furnace

• Estimated Installed Price Range: $4,700 - $6,000

2. Lennox Elite® Series: High Performance, Excellent Value

The Elite® Series is the perfect middle ground, offering a fantastic balance of high-efficiency performance and affordability. These models pack premium features without the premium price tag of the Signature® Collection.

• Best for: The majority of homeowners who need a powerful, highly efficient furnace that provides consistent comfort and great value.

• Key Features: AFUE ratings typically above 96%, two-stage heating, and variable-speed blowers for enhanced comfort and humidity control.

• Popular Model: EL297V High-Efficiency, Two-Stage Gas Furnace

• Estimated Installed Price Range: $3,400 - $4,900

3. Lennox Merit® Series: Dependable and Budget-Friendly

The Merit® Series is Lennox's entry-level line, delivering the legendary reliability and quality the brand is known for at a more accessible price point.

• Best for: Homeowners looking for a straightforward, reliable, and budget-conscious replacement for their old furnace.

• Key Features: High-efficiency ratings up to 96% AFUE, durable components, and a compact design.

• Popular Model: ML296V Gas Furnace

• Estimated Installed Price Range: $2,900 - $3,600

Disclaimer: The prices listed above are estimates for 2025 in Ontario and include standard installation. The final cost can vary based on several factors.

What Determines the Final Installation Cost?

It's important to understand that you aren't just buying a furnace; you're investing in a complete home heating solution. The final price depends on more than just the unit itself.

• Furnace Size (BTUs): Our technicians will perform a heat loss calculation to ensure the furnace is perfectly sized for your home.

• Installation Complexity: The layout of your home, existing ductwork, and ventilation requirements all play a role.

• Thermostat Choice: Upgrading to a smart thermostat like the Lennox S40 can add to the initial cost but provides greater control and long-term savings.

• Available Rebates: We can help you identify and apply for government and manufacturer rebates to lower your upfront cost.

Get Your Free, No-Obligation Quote Today!

Choosing the right furnace is a major decision. The best way to find the perfect Lennox model for your home and budget is to consult with a certified professional.

The team at HVAC Ontario is here to help. We'll provide a thorough assessment of your home's needs, walk you through your options, and give you a detailed, transparent quote with no hidden fees.

Don't wait for the cold to set in. Contact HVAC Ontario today to schedule your FREE in-home consultation and discover the comfort and quality of a Lennox furnace!