HVAC Price Increases 2021
2021 has seen unprecedented HVAC price increases with further increases set to come.
It’s common for there to be a small jump in HVAC price at the beginning of the summer season as the demand for A/Cs increases. However, the HVAC price increases seen this past year have been unprecedented, and with working from home being the common trend as a result of COVID-19, the increase in demand for new HVAC systems has caused a major spike in prices.
Prices started increasing in 2020 with the start of the COVID-19 pandemic causing a shortage of materials necessary for the production of HVAC equipment. Some HVAC system manufacturers have increased their prices 4 times or more this past year, with further price increases coming. In Canada, water heater prices have increased 32% this year with no end in sight to the price spikes. A letter from HVAC manufacturer Goodman reads:
“Due to continued increases in material and component costs, we have found it necessary to increase our prices up to 8% effective October 1, 2021, on residential unitary equipment.”
HVAC prices are rising for various reasons including labour cost, production cost, material shortages, cost of transportation, and an increase in demand. If you’re looking to upgrade your home’s HVAC system, now is the time because prices are going to continue to rise!
Upgrading your home’s HVAC system as soon as possible will allow you to lock in at a reasonable price before it becomes out of your budget. With demand for new HVAC systems remaining high and the cost of materials needed to make HVAC equipment continuing to rise, the market is experiencing a low supply and a high demand.
Don’t wait until it’s too late! Contact DeMark Home Ontario today for a free HVAC consultation and have your new system installed as soon as tomorrow. Lock in your price today as further HVAC price increases are coming!
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If you have any further questions regarding this year’s HVAC price increases or any of your other HVAC needs, don’t hesitate to contact us at any time. Our highly trained and experienced technicians are more than prepared to assist you with your HVAC problems. We provide efficient and quick HVAC replacement done by our team of certified professionals. We offer a variety of rental, purchase, and financing options. Give us a call at 1 (855) 998-2998 or fill out our online request form and we will be happy to assist you with your request.
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