The Cornerstone Homeowners Association (HOA) is mandated to ensure the long-term sustainability of the community of Cornerstone. By contributing to the development of a sense of community and responsibility amongst neighbours towards the physical attributes of the community. The HOA is managed by an elected, volunteer Board of Directors who are responsible for administering decisions related to the goals of the HOA. Management of the daily operations of the HOA may be contracted to a third-party provider.

Cornerstone will be constructed over a series of planned phases, with an anticipated completion in 2028. Upon completion, the community of Cornerstone will be home to nearly 31,000 people in five communities: Cornerstone Point, Cornerstone Park, Cornerstone Gate, Cornerstone Ridge, and Cornerstone View.

Cornerstone will offer six schools, from kindergarten to grade 12, over 50 acres of playfields and park spaces, two community centres, a large regional park and 119 acres of green space surrounded by an extensive network of trails.