A man was recovered without injury Sunday morning after his vessel began sinking near Boundary Pass, between Pender Island and Moresby Island.
It is unknown whether the 10-metre sailing vessel struck something in the water or if there was a major malfunction, said coast guard co-ordinator Andy Howell.
A vessel of opportunity arrived within 10 minutes and rescued the man. A Cormorant helicopter also passed by the scene as it was in the area.
The coast guard would not release his name or age.
The vessel was lost after the incident.