Lookout on the Knoll

Acorn Developments is a builder working in the Greater Toronto Area on low-rise and townhome projects. Lookout on the Knoll reflects that small-scale approach, fitting a modest number of homes into an established Richmond Hill neighbourhood.

Buying pre-construction in Ontario usually begins with registering for first access to a community. Registered buyers are often invited to early release phases before wider public sales, which can matter when a project is small — Lookout on the Knoll has only 19 homes — because the most sought-after layouts can move quickly.

Deposits on new homes are typically staged over time rather than paid all at once, with instalments tied to signing and to milestones set out by the builder. Because this is a freehold townhome rather than a new condominium, the 10-day statutory cooling-off period that applies to pre-construction condos does not apply here; your review period and conditions are defined by the agreement of purchase and sale.

For freehold homes, buyers generally move toward a single closing when the home is complete, rather than the interim-occupancy step common to condos. Exact deposit structure, closing terms, and timing are confirmed by the builder, and it's wise to review everything with your own lawyer before signing.