Honestly, i would presume that they would start feb/march because most applicants have applied to multiple schools. So if their committee met too late to assess applicants, most acceptances would have already have been extended by then. Thus their potential applicant pool would be significantly smaller. idk, that just what i think. Who know hows these things work haha
But yeah it would totally be awesome if we both got in! although i applied to UofT and Waterloo as well, so if all goes well i might have a to prioritize. And trust me i am equally consumed into this whole process as you are lol