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Lennox Furnace Prices in Canada: What Each Model Costs Installed

📅 2026-06-16 · Direct Air Systems
Lennox Furnace Prices in Canada: What Each Model Costs Installed

A Lennox furnace installed in Canada typically costs between $5,500 and $11,000+ CAD depending on the model line, your home’s BTU requirements, and site conditions. Merit ML196E installations sit at the lower end of that range; Signature SLP99V projects push toward the upper end, particularly in homes that need venting upgrades or gas line work. All prices in this article are installed costs — equipment, labour, Ontario TSSA permit, and removal of your old unit. Prices verified August 2026 by Direct Air Systems, Bolton, ON — Lennox Premier Dealer.

Lennox Furnace Installed Prices in Canada — Quick Answer

Prices verified August 2026. All figures are installed costs in CAD and include equipment, labour, standard venting, Ontario TSSA permit, and removal of the old furnace. Homes requiring gas line work, chimney liner replacement, or significant ductwork modification will see higher totals.

  • Lennox Merit ML196E — 96% AFUE, 1 or 2 stage, installed: [TEAM TO CONFIRM PRICE RANGE] CAD. Best for budget-conscious replacement in smaller or older homes.
  • Lennox Elite EL296E / EL297V — 96–97% AFUE, 2 stage/variable speed, installed: [TEAM TO CONFIRM PRICE RANGE] CAD. Best for most GTA detached and semi-detached homes.
  • Lennox Signature SLP99V — up to 99% AFUE, modulating variable speed, iComfort compatible, installed: [TEAM TO CONFIRM PRICE RANGE] CAD. Best for larger homes prioritising peak efficiency and quiet operation.

    • What Affects the Installed Cost of a Lennox Furnace?

    No two furnace installations are identical. These are the main variables that move the installed price up or down:

  • Home size and BTU output — a 1,400 sq ft bungalow needs a 60,000 BTU furnace; a 2,800 sq ft two-storey may need 100,000 BTU. Larger output means a larger, higher-cost unit.
  • Single-stage vs. two-stage vs. variable-speed — upgrading from a single-stage Merit to a variable-speed Elite or Signature adds cost upfront but reduces operating cost over the furnace’s 15–20 year life.
  • Venting type — most high-efficiency Lennox furnaces use PVC sidewall venting. If your home has an existing chimney liner that needs capping or a new PVC run that’s long or complex, expect additional cost.
  • Enbridge gas line work — if the existing gas line is undersized for the new furnace’s input, or if a new drop is required, a licensed gas fitter must upsize or extend the line. This adds labour and material cost.
  • Ontario TSSA permit — required on every gas furnace installation in Ontario. The permit fee and inspection are factored into your installed quote from Direct Air Systems.
  • GTA labour rates — labour in the Greater Toronto Area is higher than in smaller Ontario markets. A standard furnace swap in the GTA typically runs 6–10 labour hours with two technicians.
  • Removal of the old unit — disposal of the old furnace is included in standard Direct Air Systems installations. Asbestos-wrapped ductwork or unusual mechanical room configurations can add time.

    • Merit vs. Elite vs. Signature — Which Lennox Line Is Right for You?

    Lennox Merit ML196E — Entry-Level, 96% AFUE

    The ML196E is Lennox’s entry-level high-efficiency gas furnace. It runs at 96% AFUE in single or two-stage operation using a constant-torque PSC blower motor. Available in 30,000–120,000 BTU configurations. It meets Ontario’s minimum 95% AFUE requirement and earns ENERGY STAR certification. Installer note: the ML196E is reliable and straightforward to service. It’s the right call for rental properties, older homes with decent insulation, or any situation where the budget is the primary constraint. It’s not the right call for a 2,500 sq ft home where the homeowner will notice uneven temperature distribution or blower noise.

    Lennox Elite EL296E / EL297V — Mid-Range, 96–97% AFUE

    The EL296E runs at 96% AFUE with two-stage heat and a constant-torque blower. The EL297V steps up to 97% AFUE with a variable-speed ECM blower motor that ramps output up or down continuously based on demand — significantly reducing blower noise and improving comfort. Both are two-stage on the heating side. Installer note: the EL297V is the most common furnace we install in GTA detached homes. The variable-speed blower is quieter, distributes heat more evenly, and runs more efficiently at partial load. For most homeowners choosing between the EL296E and EL297V, the EL297V is worth the modest price difference.

    Lennox Signature SLP99V — Premium, Up to 99% AFUE

    The SLP99V is the top of the Lennox Signature Collection. It runs at up to 99% AFUE — the highest AFUE rating in the Lennox residential furnace lineup. The modulating gas valve adjusts the burner in increments as small as 1% of full capacity. Combined with a fully variable-speed ECM blower, it is the quietest, most efficient Lennox furnace available. It integrates natively with the Lennox iComfort S30 smart thermostat for zoning and remote monitoring. Installer note: the SLP99V is genuinely the best Lennox furnace for homes over 2,000 sq ft where comfort and quiet operation matter. The higher installed cost is real — [TEAM TO ADD INSTALLER NOTES HERE] — but the long-term operating cost savings are also real in homes that run the furnace hard through a GTA winter.

    Two-Stage and Variable-Speed Furnaces Explained

    Single-stage furnaces are either fully on or fully off. When the thermostat calls for heat, the burner fires at 100% and the blower runs at full speed. This creates the “blast of hot air” effect most GTA homeowners are familiar with from older systems.

    A Lennox 2-stage furnace (EL296E, EL297V) has two firing rates: a low stage (typically 65–70% of full output) and a high stage (100%). On most GTA days, the furnace runs in low stage — longer, quieter cycles that distribute heat more evenly. High stage only kicks in during the coldest stretches.

    A Lennox variable-speed furnace (SLP99V) uses a modulating burner that adjusts output continuously, combined with a variable-speed blower that does the same. The result is near-silent operation at partial load, the most even heat distribution, and the lowest operating cost. The SLP99V rarely runs at full capacity except on the coldest January nights.

    When the upgrade is worth it: if you have a home over 1,800 sq ft, multiple zones, or you notice uneven temperatures or blower noise from your current furnace, a two-stage or variable-speed model will make a noticeable difference. For a 900 sq ft condo or small bungalow, the single-stage ML196E does the job.

    Our Verdict as Lennox Installers

    Lennox furnaces are well-engineered, well-warranted, and well-supported through the dealer network. As an authorized Lennox Premier Dealer, we install all three lines regularly and see the long-term performance across different GTA home types.

  • ML196E: reliable workhorse, no frills. Recommended for straightforward replacements where budget is the primary concern or where the home is smaller and well-insulated.
  • EL297V: our most-recommended model for most GTA homes. The variable-speed blower makes a real comfort difference and the 97% AFUE is a meaningful efficiency gain over the base model. Strong long-term reliability record.
  • SLP99V: the best Lennox furnace available in Canada. Worth the premium in larger homes. [TEAM TO ADD INSTALLER NOTES HERE]

    • Ontario Furnace Rebates — What’s Actually Available in 2026

    There is currently no Ontario government rebate for gas furnace replacement. The Canada Greener Homes Grant closed to new applications in 2024 and did not cover gas furnace-only replacements. The Home Renovation Savings Program covers some heat pump and insulation work but not standalone gas furnace installations. For the most current list of programs available to Ontario homeowners, visit homerenovationsavings.ca. If you’re considering pairing a new furnace with a Lennox heat pump, that combination may qualify for available incentives — ask us during your quote visit.

    Warranty on Lennox Furnaces

    All Lennox furnaces carry the following warranty when registered within 60 days of installation by an authorized dealer:

  • Parts warranty — 10 years on covered components when registered. Drops to 5 years if not registered within 60 days.
  • Heat exchanger warranty — lifetime on the primary stainless steel heat exchanger (SLP99V); 20-year limited on other models.
  • Labour warranty — installer-dependent. Direct Air Systems provides its own workmanship warranty on all installations. Confirm terms at time of quote.

    • Frequently Asked Questions

    How much does a Lennox furnace cost installed in Canada?

    Installed costs in Canada (CAD) typically range from approximately $5,500 to $11,000+ depending on the model line and site conditions. The Merit ML196E sits at the lower end; the Signature SLP99V sits at the upper end. These are fully installed prices covering equipment, labour, Ontario TSSA permit, standard venting, and removal of the old furnace. Exact pricing requires a free in-home assessment.

    Which Lennox furnace model is best?

    For most GTA homes between 1,500 and 2,500 sq ft, the Lennox Elite EL297V (97% AFUE, variable-speed) is our most recommended model. It balances installed cost, long-term efficiency, and comfort. Larger homes or homeowners prioritising maximum efficiency should consider the SLP99V. Smaller homes or budget replacements are well-served by the ML196E.

    Are Lennox furnaces reliable?

    Yes. As a Lennox Premier Dealer we service the equipment we install. Lennox furnaces have a strong reliability record across all three lines when professionally installed and maintained annually. The heat exchanger warranty — lifetime on the SLP99V, 20 years on other models — reflects Lennox’s confidence in the core component.

    What’s the difference between Merit, Elite and Signature?

    Merit is single or two-stage, 96% AFUE, constant-torque blower — entry level. Elite is two-stage with either constant-torque (EL296E) or variable-speed (EL297V) at 96–97% AFUE — mid range. Signature (SLP99V) is fully modulating with a variable-speed blower at up to 99% AFUE — premium. Each step up improves comfort, reduces operating cost, and increases installed price.

    Are these Canadian prices?

    Yes. Every price reference in this article is in Canadian dollars (CAD) and reflects GTA installed costs as of August 2026. We do not use US pricing or equipment-only figures. Installed cost includes equipment, labour, Ontario TSSA permit, standard venting, and removal of your old furnace.

    Get an Exact Installed Quote for Your Home

    Installed furnace cost depends on your home’s size, existing ductwork, venting configuration, and which Lennox model is the right fit. The ranges in this article give you a realistic benchmark, but an accurate number requires a site visit. Direct Air Systems provides free, no-pressure in-home assessments across the GTA — we measure, calculate the correct BTU load, and provide a written installed quote covering equipment, labour, permit, and removal. Request a free assessment online or call our Bolton office at (905) 951-8080 to speak with a comfort advisor directly. See our full range of Lennox furnaces available through Direct Air Systems or compare options with our furnace repair vs. replacement guide if you’re not yet certain a new furnace is the right call.

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