South American tree, 1866, apparently from Spanish balsa "float," originally the name of rafts used on the Pacific coast of Latin America (1777). The wood is very light.[balsa etymology, balsa origin, 英语词源]
Canadian city, settled 1865, named for the island, which was named for English navigator George Vancouver (1757-1798) who sailed with Capt. Cook and surveyed the Pacific coast in this area in 1792.