No it isn't because OC is a small region. In the statistics thread you would see (if you could keep awake through tons of posts) that we have been discussing a couple of different concepts. To me it is all just a matter of supply and demand. How many visas are there and how many want them. We know there are not enough visas to meet demand this year. They seem to have calculated likely demand based on 2012 but that was a fiasco year, so using that as a basis for calculations is a bad mistake. I believe that is why we have 140k selectees. In terms of supply there are only 50k visas (possibly slightly more depending on NACARA).
Then there is the regional quotas - the way that the 50,000 visas will be divided up between the regions. What we did is assume that KCC were signalling the quotas by the relative distribution of the selectees. We know AF got 62k selectees and EU got 46k selectees and so on. It is reasonable to assume (although possibly not correct) that each region will get a quota similar to their proportion so AF should get 62000/140000*50000 - 22140 and OC would get 4200/140000*50000 = 1500. There are problems with that as an assumption, but let's assume it is right.
Next we have to work out demand. Not every selectee returns their forms to KCC, not everyone who does that turns up for the appointment, some people get denied at the interview. You can combine all these factors and see the selectee to visas issued rate - I call that the success rate. Each country tends to repeat the success rate so it varies greatly by country and by region. I calculated that based on 2011 figures (a couple of different methods) and for OC it comes out at about 0.36. So 4215 would result (if not capped) to 1525 visas. The other method came out a tad higher but less than 1600.
So, if demand is 1550 ish and supply is around 1500 ish, things don't look bad for OC (compared to other regions). AF for instance probably needs 6000 too many visas and it is the same story in SA, EU and AS regions. Of all the regions, OC is the least oversubscribed. It IS oversubscribed, but not by much.
Word of caution, the assumption of quota is a complete guess - but I cannot understand why they doubled OC selectees if it wasn't for a reason...