Yorkton Equity Group Acquires $46 Million Edmonton Multi-Family Complex

Yorkton Equity Group Inc. has moved forward with the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, with the company removing all buyer's conditions on the $46 million purchase agreement. The transaction, which is scheduled to close on January 15, 2026, represents a strategic expansion of Yorkton's rental property portfolio in a market characterized by robust housing demand and favorable economic conditions.

The property acquisition process reached a critical milestone on October 16, 2025, when Yorkton waived the financing condition of the purchase and sale agreement, having already satisfied due diligence requirements by October 2, 2025. The company has secured a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million, inclusive of financing costs, with a commitment letter from a lender providing for a 50-year amortization period and an interest rate not to exceed 4% annually. Yorkton has paid non-refundable deposits totaling $1 million toward the purchase, with the remaining balance to be covered through a combination of cash and the CMHC-insured bank mortgage at closing.

The Crystallina property, constructed in 2016 and situated on approximately 3.81 acres in the Crystallina Nera East neighborhood, comprises three condominium-quality buildings and a standalone amenity building. The complex offers 51 one-bedroom with one-bathroom suites, 97 two-bedroom with one-bathroom suites, and 36 two-bedroom with two-bathroom suites, averaging 803 square feet per unit with total net rentable space of 147,826 square feet. Each suite features high-end finishes including quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry, positioning the property in the premium rental segment.

Property amenities include underground parking with 128 stalls, 150 surface parking stalls, a modern tenant lounge, energy-efficient solar panels, a fully equipped fitness center, community garden, and pet run. These features align with growing tenant expectations for comprehensive living environments that combine residential comfort with lifestyle amenities.

Ben Lui, President and CEO of Yorkton, emphasized the strategic importance of this acquisition, noting that it follows recent purchases of The Dwell (188 units) and The Fuse (125 units) in Edmonton. "The acquisition of The Crystallina marks another exciting step forward in Yorkton's growth strategy," Lui commented. "The Crystallina further expands our portfolio of premium, condominium-grade rental properties in Edmonton, Alberta, where rental housing demand remains robust, supported by strong economic conditions, continued in-migration, and attractive affordability."

This transaction occurs within a broader context of Western Canada's multi-family real estate market, where companies like Yorkton are positioning themselves to capitalize on demographic trends and housing needs. The company's focus on Alberta and British Columbia reflects strategic targeting of markets with diversified economies and strong population growth. 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 significance of this acquisition extends beyond Yorkton's corporate growth, reflecting broader market dynamics in Canadian multi-family real estate. The substantial investment in premium rental properties indicates confidence in Edmonton's housing market fundamentals, particularly the sustained demand for quality rental accommodations amid ongoing population growth and economic development. The transaction also demonstrates the continued availability of favorable financing through CMHC-insured mortgages, which facilitates large-scale real estate investments while managing risk for both borrowers and lenders.