1) Pay off your house as fast as you can.
2) When paid off, remortgage it. Buy a boat.
3) Move onto the boat, and rent out the house. The rental income pays for the new mortgage...BUT, the new mortgage is only a fraction of the original cost you paid. This is the way to "capture" the insane upswing in Canadian real estate prices.
Boat loans are crazy. Using your house like a bank isn't, because the banks want to keep you on the mortgage hook, and so will give you a "preferred" deal.
Oh, and if you get tired of the boat? Sell it, and pay off the house and kick out the tenants!