i don't know that I'd go so far as to say they are as accepted as the bigger schools. Don't know much about them, but the fact that most people don't even know what it is, kind of indicates something. You might get a great education, but if an employer has to ask you to explain where you went to school, it might not really hurt much, but definitely won't help.
Similar to a discussion on an architecture forum about Harvard vs. Sci Arc. Obvs, eneryone knows what Harvard is, but I'm guessing most people have no idea what that other school is. I know Uvic/UBC/SFU aren't as well known as the Ivies, but you get the idea.