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 acquisition represents a significant investment in Edmonton's rental housing market and demonstrates continued confidence in the region's real estate sector.
The property financing includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, secured through a lender commitment letter providing for a 50-year amortization period and an interest rate not exceeding 4% per annum. 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 favorable lending conditions.
Constructed in 2016, The Crystallina property consists of three condominium-quality buildings and a freestanding amenity building situated on approximately 3.81 acres in the Crystallina Nera East neighborhood. The complex features 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 suite includes premium finishes such as quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry facilities.
The property offers extensive parking with 128 underground stalls and 150 surface parking stalls, along with comprehensive amenities including a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness centre, community garden, and pet run. These features position The Crystallina as a premium rental property catering to modern tenant expectations for quality and convenience. Ben Lui, President and CEO of Yorkton, emphasized that this acquisition represents another strategic step in the company's growth trajectory, following recent acquisitions of The Dwell and The Fuse properties in Edmonton.
The expansion into Edmonton's rental market is supported by strong economic conditions, continued in-migration, and attractive affordability factors in the region. This acquisition strengthens Yorkton's portfolio of premium, condominium-grade rental properties in strategic Western Canadian markets where rental housing demand remains robust. Further 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 transaction underscores the ongoing investor confidence in Alberta's multi-family residential sector and the strategic importance of well-located, quality rental properties in meeting housing demand.
