I also like rain capes and used them a lot in Vancouver. When I moved to NZ, I found them less practical as it is much windier here. I therefore switched to Gore-tex pants, waterproof over boots, and a size XXXL PVC fisherman's jacket - I normally wear a size L so the oversized jacket lets air still circulate, but doesn't catch the wind like a rain cape does. I then wear a merino t-shirt and a pair of light pants as a base layer (and change when I get to work). If it's below 10C I'll also throw on either a light fleece vest or light fleece sweater.