Hey,
Psychology undergraduate student here. I was waitlisted by U of T as well for their 2-year program.
I was a bit surprised, I did not think I had what ti took to get accepted at all, but figured it was worth a shot, in hindsight I wish I would have applied to Laurier. I admire all the work put in by the applicants on this forum thread, such benevolent individuals giving back to the community. Kudos to all of you! It's a shame there is a dearth of spots available for so many qualified candidates, but all we can do is accept it for what it is and try our best to improve our merits.
I hope to get a chance to meet a few of you in grad school