Double Car Garage Townhomes in Brampton: What $629,990 Buys at Cornerstone
A freehold townhome in Brampton with a double car garage from $629,990. How the Liam at Cornerstone is laid out, who it suits and what to check.
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Figures here are estimates for planning. Your lawyer prepares the exact numbers in the statement of adjustments before closing.
1. Land transfer tax
Ontario charges land transfer tax on every purchase. Brampton buyers pay the provincial tax only. The second, municipal land transfer tax applies in the City of Toronto, not in Brampton.
| Purchase price | Ontario land transfer tax | After first-time buyer refund |
|---|---|---|
| $629,990 (Liam) | $9,100 | $5,100 |
| $679,990 (Charlotte) | $10,100 | $6,100 |
| $779,990 (Ethan Special) | $12,100 | $8,100 |
| $1,049,990 (Joey detached) | $17,500 | $13,500 |
Rounded to the nearest $100, using Ontario's rates for a single-family home. First-time buyers can receive a refund of up to $4,000.
2. Builder adjustments
This is the part that differs from a resale purchase. A builder's agreement lists charges that are added to the price on closing. Common ones are:
- The Tarion warranty enrolment fee and the Home Construction Regulatory Authority fee
- Utility meter installation and connection charges
- Increases in development charges and education levies after the agreement is signed
- Driveway paving, tree planting, a boulevard or grading deposit
- The builder's legal and administration fees
The amounts depend on the agreement. The most useful thing you can do is ask, before you sign, for a cap on adjustments written into the agreement, so the total cannot exceed a stated figure.
3. HST
Cornerstone prices are stated as including the expanded HST rebate. If you qualify, nothing more is owed for HST on the price. If you do not qualify, the rebate amount is usually payable on closing. Read how the 2026 HST rebate works before you sign. HST can also apply to some of the adjustments.
4. Legal fees and title insurance
You need a real estate lawyer to review the agreement, search title, register the transfer and the mortgage, and handle the funds. Title insurance is a one-time premium. Ask for a written quote that includes disbursements.
5. Mortgage costs
Lenders may charge for an appraisal. If your down payment is under 20%, mortgage default insurance is added to the mortgage, and the Ontario sales tax on that premium is paid in cash on closing. Default insurance is not available on homes priced at $1.5 million or more.
6. Property tax and utilities
The builder adjusts for property tax paid for the period after you take possession. A newly built home is often reassessed after closing, and a supplementary tax bill can arrive months later, so set money aside for it. The Cornerstone features list also shows the gas water heater on a rental basis, which is a monthly charge.
7. Upgrades and the first-year list
Anything chosen at the design appointment beyond the standard finishes is paid for before closing, usually with a deposit at the time you choose. After closing, new owners typically buy window coverings and appliances and, in a freehold home with a yard, fencing.
What freehold buyers do not pay
Buyers of pre-construction condominiums pay interim occupancy fees for the months between moving in and the building being registered. A freehold home closes once: you get the keys and title on the same day, and there is no interim occupancy period.
A simple way to budget
Add the land transfer tax, a written quote from your lawyer and the capped adjustment figure from your agreement. Then keep a reserve for the supplementary tax bill and the first-year purchases. If you would like the numbers worked through for a specific model, register and ask.
Questions and answers
How much is land transfer tax on a $629,990 home in Brampton?
About $9,100. Brampton buyers pay Ontario's land transfer tax only, with no municipal land transfer tax. A first-time buyer can receive a refund of up to $4,000, which brings it to about $5,100.
Does Brampton have a municipal land transfer tax?
No. The municipal land transfer tax applies to homes in the City of Toronto. Buyers in Brampton pay the Ontario land transfer tax only.
What are builder closing adjustments on a new home in Ontario?
They are charges the builder's agreement adds to the purchase price on closing, such as the Tarion enrolment fee, utility connections, increases in development charges, and paving or grading items. Ask for a cap on adjustments in the agreement before you sign.
Do freehold pre-construction homes have interim occupancy fees?
No. Interim occupancy fees apply to pre-construction condominiums. A new freehold home closes once, with keys and title transferred on the same day.
Last checked October 4, 2026. General information only, not legal, tax or financial advice. Prices and builder details can change without notice.
