sell or refinance? (Kingston, ON)

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Hello, i have a student rental in Kingston, holding it since 2008. I'm thinking about either selling or refinancing, to get that equity and buy some other properties in less-appreciated areas. 

i know the entire southern ontario market has been on fire for the past decade or so, do you think this is at a peak, and i should sell? or will it keep going up, and i should just refinance and continue to hold for more appreciation/cashflow? thanks,