If you come across a Westcomb Spectre jacket for around $150, they're great jackets too. The factory/company is just off Clark in East Van.
Though it's an ultralight shell at 8 oz (size medium) and has virtually no pockets. It's made of eVent fabric, which is more breathable and waterproof than Goretex (current gold standard in WPB). It's great for backpacking and snowboarding.
If looks aren't an issue and you don't care about pockets, and just want a shell that is completely waterproof and highly breathable, for $15 you can get a pant (though they're not great) and jacket set of "Driducks Ultralite 2". Very light at 10 oz for set. Very waterproof and comfortable to wear under exertion. Buy one size smaller if you're average sized.
Just get a heavy weight fleece at MEC for insulation.
If you do have a goretex or any WPB jacket and water doesn't wick off anymore, go to the walmart hunting section and get a bottle of ATSKO re-proofer. About $5. Works great. Though, don't ever wash your hi-tech WPB jackets with regular soap. Get the ATSKO sportwash. It leaves no scent or residue to clog up pores in WPB fabric or scent to attract/detract wildlife (ie. camping in grizzly country). Works for down too.
The Simms jackets do look pretty spiffy though, if you got the cash I'd say do it .. never hurts to look good and nothing like sport specific gear.