GVA......Painting hi-rises and wood houses are two different things.
Elastos are designed to stop water wicking through or water blasted against and getting through (as in a hurricane)stucco or block/brick buildings.
Do you have problems with moisture penetration though your wooden house? I don't imagine so. I don't remember any hurricanes in Vancouver.
You do however have a very damp - not terribly warm climate - mildew is a problem there I am sure.
Elastos mildew very badly. In order to be flexible like they are (to move with stucco and brick/block - not wood) they are fairly soft.
Because of this dirt tends to stick to them - as well as mildew spores. You would likely have a black house in fairly short order.
The attributes of an Elastomeric are of no benefit to you - and the drawbacks are considerable
I sold great quantities of Elasto for hi-rises in S. Florida when I lived there. I am very familiar with them. The work very well on a fairly narrow range of issues - but wood houses is not one of them.
I would recommend pressure cleaning your house - wait a 3-4 weeks for it to dry. Scrape anything left that is coming off. If you have more than 40% bare wood - prime the whole thing. If less than 40% - spot prime is fine.
I like Glidden products - I know there are Glidden stores in Vancouver and perhaps Home Depots too?
In any case - an alkyd primer for the wood - followed by TWO coats of a top line Glidden/CIL topcoat in a satin finish in colour of your choice would be the best thing for you to do in painting your house.