Yorkton Equity Group Inc. has successfully closed the acquisition of The Crystallina, a 184-unit multi-family residential complex in Edmonton, Alberta, for $46.0 million. The transaction, which was initially announced on October 24, 2025, was finalized on January 15, 2026, and represents a significant expansion of Yorkton's presence in the Edmonton rental market.
The importance of this acquisition lies in its reflection of continued investor confidence in Alberta's multi-family residential sector, particularly in markets with strong fundamentals. The property, constructed in 2016 and appraised at $46.75 million, currently maintains a 98.4% occupancy rate with projected annual revenue of approximately $3.6 million and net operating income of about $2.2 million. With a capitalization rate of approximately 4.9%, the acquisition demonstrates the financial viability of well-located rental properties in growing urban centers.
Funding for the purchase was secured through a combination of company cash and a Canada Mortgage and Housing Corporation insured mortgage of approximately $44.3 million. The mortgage bears interest at a fixed rate of 3.692% for a five-year term and is amortized over fifty years. This financing structure highlights the availability of institutional lending for quality residential assets in strategic markets.
"Yorkton is pleased to complete the acquisition of The Crystallina, adding another high-quality, condominium-grade rental property to our Edmonton portfolio," said Ben Lui, President and CEO of Yorkton. "The city's growing population, healthy economy, and affordable housing market make it an ideal location for expanding our portfolio." The property adds to Yorkton's existing Edmonton holdings, which include The Dwell and The Fuse properties.
The Crystallina features three condominium-quality buildings and a standalone amenity building situated on approximately 3.81 acres overlooking Crystallina Lake. The property 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. Each unit includes quartz countertops, stainless steel appliances, walk-in closets, and in-suite laundry, while building amenities include underground and surface parking, a fitness center, tenant lounge, community garden, pet run, and energy-efficient solar panels.
For investors and industry observers, this transaction signals continued momentum in Western Canada's rental housing market. The acquisition follows a pattern of institutional investment in purpose-built rental properties in markets experiencing population growth and economic stability. 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 implications of this acquisition extend beyond Yorkton's portfolio growth to broader market dynamics. As housing affordability remains a critical issue across Canada, transactions involving quality rental properties in growing urban centers like Edmonton demonstrate the ongoing demand for professionally managed rental housing. The property's location in the desirable Crystallina Nera East neighborhood and its condominium-grade finishes position it to compete effectively in Edmonton's rental market, potentially influencing rental standards and investment patterns in similar properties throughout the region.
