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I know foot passenger service from Vancouver Island right into Downtown Vancouver has been tried before and failed. I'm not sure how fast the boats were back then, but todays ferries can travel at 83 km/h, which would get you from Nanaimo to D/T Vancouver in around 45 minutes and from Victoria to D/T Vancouver in around 1 hour and 15 minutes. A B.C. ferry takes 1 hour 35 minutes to get from Nanaimo to Horseshoe Bay plus another hour or so to load/unload and drive to D/T Vancouver, for a total of 2 hours and 35 minutes. A time savings of close to 2 hours. Probably a similar time savings for the Victoria route as well. Maybe it's time to give it another shot.