Agree with posters above. Be more worried about other people trying to steal your stuff or beating you up and taking your money.
I realize it can be done, and I salute you if you have the cajones to pull it off, but aren't you supposed to enjoy your university years? Looks like there won't be much"Hey come back to my place!" action going on. You may find it lonely after the initial excitement wears off. You'll always be stressed about your hanging spot and your stuff still being there, and cougars, raccoons, etc. And while I know Victoria is about the warmest place in Canada, I'm sure it must get some crappy slushy weather at least.
Sure you can't get a student loan from the province?