Yorkton Equity Group Acquires $46 Million Edmonton Multi-Family Complex
TL;DR
Yorkton Equity Group gains strategic advantage by acquiring The Crystallina, expanding their premium rental portfolio in Edmonton's strong housing market for $46 million.
Yorkton secured a $44.3 million CMHC-insured mortgage with 50-year amortization and sub-4% interest rate to acquire the 184-unit complex, with closing scheduled for January 15, 2026.
This acquisition provides 184 modern, energy-efficient rental homes with community amenities, addressing Edmonton's growing housing demand and supporting sustainable urban living.
The Crystallina features condominium-quality suites with quartz countertops, solar panels, a fitness center, community garden, and pet run across three buildings on 3.81 acres.
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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 marks another significant step in Yorkton's strategic growth plan within Western Canada's rental housing market.
The property financing includes a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, secured through a lender commitment that provides for a 50-year amortization period and an interest rate not exceeding 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 demonstrates the company's strategic approach to capital deployment in the competitive multi-family residential sector.
Constructed in 2016, The Crystallina property features three condominium-quality buildings and a freestanding amenity building situated on approximately 3.81 acres in the Crystallina Nera East neighborhood. The complex includes 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 boasts premium finishes including 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 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. Ben Lui, President and CEO of Yorkton, emphasized that this acquisition aligns with the company's growth strategy, following recent purchases 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 patterns, and attractive affordability factors in the region.
This transaction strengthens Yorkton's portfolio of premium, condominium-grade rental properties in strategic Western Canadian markets where rental housing demand remains robust. 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 demonstrates institutional confidence in Edmonton's multi-family residential sector and reflects broader trends in Canadian real estate investment focused on purpose-built rental properties.
Curated from NewMediaWire
