Thanks for all the replies guys! I will try to reply to each persons comments.
To ZX6R_rider:
Yeah, I actually am with State Farm here. My insurance would be the Canadian $ equivalent of what you pay in the US. I also have full gear, so no worries there.
To JStutz2003:
Thanks for asking the hard questions! Glad to hear not all people are into the buy a huge bike then crash it thing. Actually, I just got back from a 500km ride today. I ride my poor 250 most of the time at 120-130, and trying to pass those big semi's on the road gets to be a hastle with the little power. And honestly, before you scrap the footpegs on a 250, the center stand hits the ground, which is why mine is pretty beat up. I have been around bikes since I was three, and watched my best friend crash his brand new 04 gsx-r750 cause he couldn't handle it, so I learned quickly that you need to learn in order to move up. I have taken two training courses, basic and expert, and after riding my 250 for a year, I am getting to the point where I have done everything it can do for me.
To cheetahflyer:
I have taken two courses provided by the best school in Calgary (city I live in). In fact, I only have a motorcycle license, so I ride everyday and know what to watch for.
To Nigel:
We have the 650R in Canada, but it only comes faired. The bikes here were actually recalled because of a missing part, and I rode one, unfortunately, it has a very annoying vibration between 2000 and 5000 rpm in all gears. As for the insurance, it is based on CC's in Canada... which is highly retarded, but to insure a 650R is more then a ZZR600.