I'm surprised to see the Mill Cove ferry first mentioned as a means of reducing traffic volume. That said, this article is very slim but I can't help .. say something!
I'm trying to be objective, but this is a proposed terminal that is near very little residential (with no concrete plans for more development yet) and a large parking lot, likely to encourage park & ride, but will the ferry (+ any other pre/post departure transfers or walking) be fast enough to get car-dependent residents of Bedford to switch? I genuinely don't think it will be at or neat capacity for most weekdays.
All this tells me this ferry will be more used for leisure (weekend downtown trips) rather than commuting.
I love that we're building well sized medium density in the ~5km-from-downtown neighbourhoods. North End, Fairview, and the West End in particular. With affordable tweaks/upgrades in public transit & active infrastructure, these neighbourhoods are likely to see a significant reduction in vehicle usage for getting around.