This really depends on what you want to get out of your education and what you want to do in the future. I believe Lakehead has a practicum component which allows you to (1) network outside of school; (2) experience what it is like to be in the field. I am not sure if U Vic offers a practicum component as well. In my opinion, I think thesis is great if you want to stay in academia, but I think the current trend for many employers is that they prefer people with work experience (and having the right network also helps). Also, I think it is important to look at what each school offers and what is the most suitable for you.
Congrats on Lakehead