I got into Queen's MIR with funding and am still waiting to hear from UofT for the MIRHR, but am fairly optimistic.
As a recent graduate from UofT, as I completed my HBA there - it is very likely that I will be taking Queen's offer and rejecting a potential UofT acceptance. Here is my reasoning:
1. Queen's totals 9 months to complete the program vs. the 20 months it will take UofT MIRHR students to complete the standard 2 year degree
2. Queen's gives students the ability to enter into consulting, HRM or labour relations/labour arbitration. Just because you graduate with an MIR vs. MIRHR doesn't mean you're not deemed ready to enter into various other streams of HR. When graduating 11 months earlier than UofT students, an MIR student will get experience presumably much earlier, start earning much earlier and be marketable right off the get go.
3. Queen's will be much cheaper for me. I live in Toronto, but with a tuition cost of just under $2700 per semester, it will cost me roughly $8000 for the year in tuition (excluding my scholarship). Then once you factor in accommodation and living, it should be just short of $18,000 for the year. UofT's two year MIRHR program is $20,000 in itself.
All in all, they're both great schools and great programs. Globally, sure UofT is highly recognized - but don't let that sway your decision, branding isn't always everything. Queen's is just as reputable and provides an equievalant education. After having done my undergrad at UofT, I'm looking for a change and my heart is pretty set on Queen's.
NOTE: I personally e-mailed the President of the HRPA and both schools are highly recognized (for obvious reasons) and their students are highly sought after. Just depends on your preference!
Good luck to everyone.