I'm also torn - I've been accepted at NPSIA, and while I haven't gotten the funding details yet, I'm certain that it will be less expensive for me to attend there. I like both programs more or less equally, and so I'm leaning towards the program that will require less debt. Similarly to you (although I suppose the opposite), I'm from Ottawa so the prospect of staying here isn't as exciting as the prospect of moving to Toronto, although I agree that my decision shouldn't hinge on that aspect.
Also - my status is still "Under Review" on the Toronto admissions page.