It will. With how Pierre Poilievre is doing in the polls, I wouldn't be surprised.
Trudeau is a wet rag and Singh suffers from an image problem. Quebec is going to vote for the Bloc and the Parti québécois and a referendum on Quebec Independence will probably be triggered.
That would be ideal, but the people who are already there will never give it up.
And the problem with creating a new party is that it will divide the votes, while the conservatives are all united under the Republican party. Unless they split too. Maybe the non Trumpists can split off and form a more traditional party. But again, they're too afraid to split THEIR votes.