Thanks a lot @cat_not_kitty. That's the impression I got from the email I received since they mentioned that I have been recommended by my graduate unit "pending final confirmation of eligibility by the School of Graduate Studies". However, I won't get my hopes up till I receive an official letter since my application status on SGS is just "received" not recommended. My understanding is that it's announced around mid-July at UofT, is that an exact date tho?