Actually, from a regional balance standpoint, rather than add another West Coast team, thereby forcing the Coyotes into the Central Division, it would have made more sense to add a team in Houston. As it is, breaking the budding rivalry with the Golden Knights probably means Houston will get an NHL team when the Coyotes move. If I were the Coyotes' owner, I'd go for a bare bones operation, skimming my share of the national TV rights until the NHL admits reality and lets the team move to a city where it can make money.
(The problem Canada has is that the NHL is in no position to add a 17th team in the Eastern Time Zone until the NHL expands past 32 teams.)
Add a team in Halifax, and move one of Detroit/Columbus/Pittsburgh to the Western Conference.
