Price guide
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Tankless water heater cost
The installed cost of a gas tankless water heater in Canada typically runs $3,000 to $5,000. Electric models are cheaper upfront at $1,800 to $3,000, though which costs less to run over time depends on your local energy rates. The final price depends on several factors including the type of unit, whether your home needs gas line work, new venting, or electrical panel upgrades, and where you live. This guide breaks down what drives the tankless water heater installation cost up or down, with separate breakdowns for gas and electric systems, so you can budget accurately before collecting quotes.
