For $29/night, this was a great deal. Remember, however, that it is a hostel. Therefore, expect mildew and Australians, neither of which are harmful unless poked, and can be perfectly charming. I've stayed in far worse and paid far more, so I was happy.
You'll get a sheet and a towel, but as some roomates (2 bunk beds in shared rooms) prefer to keep the windows open for fresh air, remember to bring warm bedding. The rooms are otherwise very well heated.
There is no longer a shuttle from the hostel to the Village. I had been told that there was, which was disappointing. However, it's nothing to get butt-hurt about (though this is the reason for the 4, rather than 5, star rating) as the municipality's bus stops right across the street. It's walking distance to the Village (past the backyards of some nice developments, make friends with the folks in hot tubs if you're charming enough), but with gear you're better off paying the $1.50 and having a seat.
As for my personal experience, I was really pleased. I decided to make the trip up (from Vancouver) at the last minute, and after being told that no shared rooms had availability, a second phone call revealed that there was space. When I arrived, there seemed to be a minor miscommunication and my roommates thought the place was overbooked, but the guy at the front desk smoothed it over quickly.
I would recommend and stay again.