Renting Average rent in GTA suburb for 3 bedroom home is $2400/month plus utilities $300 per month. And additional tenant insurance $50 per month. Renting a home costs $2750 per month and $33000 per year. Owning On the other hand, if you buy a townhome in GTA suburb of purchase price of $600000 with 10% down payment. Your monthly mortgage will be $2500 plus $300 utilities, insurance $100 and...