If we are going to build high-speed rail in this country, we have to do it properly, not on the cheap like in the U.S. and U.K. They have had endless problems and failures because they always need to find a way to save a few bucks in the short term. Compare the Acela trains which were out of service for most of a year, or the IC 225 trains in Britain that have never operated at their promised speeds. I won't even get started on the APT. We need a dedicated, TGV-style, high-speed line.
In the reports I've read, it suggests that the difference in cost between building in an existing corridor and in a new corridor is quite small. There are benefits to splitting less land, and the land acquisition costs might be slightly lower, but on the other hand the cost of keeping the corridor open for existing services could be significant. Trying to re-use old routes like the Canadian Northern line is probably of minimal use, since they would have to be straightened to such a degree that only a small percentage of the new track is using the old corridor.