Better is subjective here. Vancouver will be a bit different with it's warmer weather, but for the week or two at -30C to -40C(like I get) it provides a lot more heat at a lower price and in Canada, at least Ontario, it is still much cheaper to heat a home and water with. I'll probably go heat pump if my boiler goes as I can avoid the cost of adding ductwork(really expensive these days and more than furnace for install) and get A\C too.