This is a fantastic hostel. There are only four people per room and the rooms are spacious to boot. There is a sauna you can use in the evening and a fantastic lounge with huge windows looking out on the bay and the islands.
The Tofino bus drops you off right at the hostel; you can catch the beach bus right outside as well. There are lots of discounts on whalewatching, hot springs tours, etc. with HI membership.