With 2026 rental rates climbing another 4%, staying in a contract could cost you thousands. We break down the math on buyouts, expose hidden fees from major providers, and show you how to finally own your home’s comfort.
If you live in Toronto, Mississauga, or anywhere in the GTA, you’re likely familiar with that line item on your utility bill that never seems to go away: the water heater rental.
For decades, the "Ontario Rental Model" has been the standard. But as we move through 2026, rental rates have climbed again—most providers saw a 4% increase this past January—leaving homeowners asking: “Am I being scammed, and is it finally time to buy this thing out?”
As the GTA’s local HVAC authority, we’re breaking down the math, the "hidden" fees, and the 2026 reality of water heater ownership.
The Math: Rental vs. Buyout in 2026
| Feature | Rental (10-Year Outlook) | Owning (10-Year Outlook) |
|---|---|---|
| Upfront Cost | $0 | $1,800 – $3,500 (Installed) |
| Monthly Fee | $30 – $60+ (Increases annually) | $0 |
| Total 10-Year Cost | $4,800 – $7,200+ | $2,100 – $4,000 (Inc. maintenance) |
