Yorkton Equity Group Inc. Announces Acquisition of The Crystallina, a 184-Unit Multi-Family Residential Complex in Edmonton, Alberta

Executive Summary

• Yorkton Equity Group Inc. removed all buyer conditions on the PSA and waived the financing condition for the acquisition of “The Crystallina,” a 184‑unit multifamily residential complex in Edmonton, at a purchase price of $46.0 million.
• A CMHC‑insured mortgage of approximately $44.3 million has been approved, with a 50‑year amortization and a fixed interest rate not to exceed 4% per annum; closing is expected on January 15 2026.
• The property adds 51 one‑bedroom, 97 two‑bedroom (1‑bath), and 36 two‑bedroom (2‑bath) suites (total net rentable space 147,826 sq ft) to Yorkton’s portfolio, expanding its presence in the Edmonton rental market.

Key Details

• Purchase Price: $46.0 million for The Crystallina complex (184 units).
• Closing Date: Expected January 15 2026.
• Financing: CMCM‑insured mortgage of ~ $44.3 million; 50‑year amortization; fixed rate ≤ 4% p.a.; lender commitment letter secured.
• Deposits Paid: Non‑refundable deposits total $1,000,000 (US$100,000 on July 11 2025 and US$900,000 on October 20 2025).
• Mortgage Broker Fee: 0.50% of the committed loan amount payable at closing.
• Unit Mix & Size:
• 51 one‑bedroom/one‑bath suites
• 97 two‑bedroom/one‑bath suites
• 36 two‑bedroom/two‑bath suites
• Average suite size: 803 sq ft; total net rentable space: 147,826 sq ft.
• Parking: 128 underground stalls + 150 surface stalls.
• Amenities: Tenant lounge, solar panels, fitness centre, community garden, pet run, underground parking.
• Strategic Context: Follows recent acquisitions of The Dwell (188 units) and The Fuse (125 units), further expanding Yorkton’s portfolio of premium condominium‑grade rentals in Edmonton where demand remains strong.

Notable Quotes

“The acquisition of The Crystallina marks another exciting step forward in Yorkton’s growth strategy,” said Ben Lui, President and CEO. “We are very pleased with the continued momentum in our expansion and look forward to providing a further update upon closing.”