That's McKinnon. I'm not defending the prices - that's down to the absurdities of the westside market - but I suspect anyone who spends $2.4m on a townhouse today might find they have a loss on paper for quite a while if the market continues the way it has been going recently. And it's likely that the other projects you show may struggle to find buyers too, if they put the units on the market at similar prices.
In terms of net units, McKinnon has 40 units, and the three market co-ops there all dated from the late 1940s, and had 44 (smaller) units. As market co-ops, it's pretty much the same as a strata building selling for redevelopment - they agreed to the sale; nobody was renovicted. Presumably Cressey paid all the co-op members more than their propertiers were assessed at, or would sell on the market. And late 1940s homes would probably have needed a lot of money spent to bring them up to 21st century standards.
Over most of the City of Vancouver, rental properties are protected, but there is an exception for rental building in commercial zones (C-2, C3-A for example). Those aren't protected, but
the recent report to Council says 240 rental units have been lost in areas like this since 2009, but there hasn't been a net loss of rental units because Rental 100 projects in commercial zones (like the Main and 49th example you posted recently) have seen more built than replaced. As the report notes, "In 2017, Vancouver contributed 80 per cent of the region’s 4,290 rental units currently under construction."