You do understand that induced demand applies to every piece of infrastructure right? Using this logic you can justify not spending money on anything. "Why are we building the Ontario Line? No matter how many new subway lines you build it will never be enough". Yes, that is a true statement. Some day the Ontario Line won't be enough, and we will have to build a relief line for the relief line, or find some other way to boost capacity. For every city that isn't collapsing and decreasing in population, this statement is true. Induced Demand isn't some form of magic where sims appear to conveniently take up all the new capacity the day a new highway/lane opens, its just the reality that as time progresses and population increases, more people will move into a general area and fill up that capacity. As such, using induced demand as an argument against highway expansion is generally a bad idea. Now, if you want to make the argument that new lanes and highways are a bad idea from a fiscal perspective in terms of how much capacity you're adding per dollar spent, especially when alternatives (such as urban rail) will provide far more bang for your buck, whilst also taking up significantly less land for potential real estate - that's a fantastic argument, and is the prime reason why we shouldn't build urban freeways, and why projects like the 401 Tunnel fall flat on their faces.
However, this argument does not apply to the Bradford Bypass, nor the 413. The Bradford Bypass is meant to get cars out of Bradford's streets, whilst also providing a way for vehicles to hop between the 404 and 400 to potentially siphon traffic from the latter to the former. Maybe you can argue that this is a niche use case and not worth spending money, however as it stands there really isn't another great option to accomplish this use case with an alternative such as urban rail, and in fact bringing up "Induced Demand" as an argument against the Bradford Bypass is mutually exclusive to the white elephant argument since it implies there is a genuine use case, and there is enough potential demand to be induced.