The BCIT program is just a glorified CPL and MIFR. The courses are apparently very simple and the programs graduates do no better than graduates from the other schools at CZBB eg Pro IFR, Montair and Cdn Flight Centre. (this is what i have observed and learned from speaking with graduates but i really don't mean to slag the program).
The advantage to the Coastal Pacific Program is a more thorough curriculum and the opportunity for a degree if you stay at the partner school UCFV for an extra year. Their graduates have had a major presence in the roster at Pacific Coastal Airlines at YVR (although they won't hire with less than 1000 PIC so instructing first is a logical step)
If I were in your position I would get a CPL and MIFR from a non-college program and get in the job market ASAP while the industry is hot. I have had 4 friends go from instructing to turbine jobs in the past 2 weeks alone.