Good for you for coming out way ahead this year!
That sounds a lot like Vancouver prices. If you're looking at rental real estate to cash flow, you'll probably have to go far into the suburbs.
Since you have so much in your house already, I think it makes more sense to stick with an index fund. Otherwise you'll have a large chunk of your money in one asset type. Do what you can in RRSP/TFSA; however, if you're serious about saving money, at some point you'll have to look at taxable accounts.