Yorkton Equity Group Inc. has finalized the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for $46.0 million. The company removed all buyer's conditions on October 16, 2025, following comprehensive due diligence, with the transaction scheduled to close on January 15, 2026. This strategic purchase represents Yorkton's continued expansion in Edmonton's rental market, building on recent acquisitions of The Dwell and The Fuse properties in the region.
The property financing includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, secured through a lender commitment featuring a 50-year amortization period and an interest rate capped at 4% annually. Yorkton has already paid non-refundable deposits totaling $1,000,000, with the remaining purchase price to be funded through a combination of cash and the CMHC-insured bank mortgage. This financing structure provides long-term stability for the investment while leveraging government-backed mortgage insurance.
Constructed in 2016, The Crystallina property spans approximately 3.81 acres in the Crystallina Nera East neighborhood and consists of three condominium-quality buildings plus a freestanding amenity building. The complex offers 51 one-bedroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, with an average suite size of 803 square feet and total net rentable space of 147,826 square feet. Each unit features premium finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry facilities.
The property provides extensive parking with 128 underground stalls and 150 surface parking spaces, along with comprehensive amenities that include a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, community garden, and dedicated pet run area. Ben Lui, President and CEO of Yorkton, emphasized that this acquisition aligns with the company's growth strategy and is supported by Edmonton's strong economic conditions, continued population in-migration, and attractive affordability factors. Additional information about Yorkton is available on the Company's website at https://www.yorktonequitygroup.com and the SEDAR+ website at https://www.sedarplus.ca. The acquisition strengthens Yorkton's portfolio of premium, condominium-grade rental properties in strategic Western Canadian markets where rental housing demand remains consistently strong.
