I am looking at that mobo too. But for under 160, I would say the asrock line is looking really solid, my favorite is the asrock z77 extreme 4 for $134. I think it is the best, but I do not know how it is compared to the asus z77 v-lk. The specs seem very similar, but I know Asus tends to be a very strong mobo.
edit: sorry, just looked at the canadian price and it is priced high for some reason. But if you can't get it cheaper, the Asus v-lk is a great choice