I provide advice in this area for a living, and here's my view. Start with the big picture. Why are you investing? if it's to save up for a down payment that's a completely different time horizon and objective than if you're saving for your retirement. With RRSP's you can both save taxes immediately and use up to 25k of it for your first home. (exceptions are made for divorce situations etc). If you plan on buying a home within 5 years, limit your exposure in equities, because equities are long term holds. Minimum 5 years, preferably 20-25 years.
Try not to buy mutual funds, contrary to public opinion they are horrendously expense. MER's are typically 2.5% + which eats away at any profits you hope for. Even if they are 1% in a bond fund, that's about 25% of the expected return you can hope for in bonds, likely more than that.
Keep it up. As far as TFSP's go they too are a great alternative, athough I would focus on maxing out the 25K limit in RRSP's before switching to TFSA because with the RRSP's you get both the tax deferral, and the downpayment, with with the TFSA you get only the tax elimination. (ie you never pay tax on the gain). And one thing to note is that if you use RRSP funds for the downpayment, you have to pay back 1/15th of the amount each year or it will be declared income, so essentially it's an interest free loan, from your RRSP to you.
Hope that helps.
