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Thanks for the replies once again 
But now I'm even more confused. Before I was thinking I would go to Waterloo for sure... but now I'm not so sure. I've never been to Kitchener-Waterloo, but I know for sure that I would really like to live in downtown Toronto. In terms of what you learn, can anyone definitively answer which is better (for computer engineering)? I doubt it... and there seems to be a lot of engineers upset about Waterloo. But they could just be whining babies... I have no way to know for sure until I actually try it.
I got a phone call today from an ECE prof at Toronto... I think that's a good sign (in terms of getting an offer of admission). He was a nice guy and just wanted to know if I had any questions. So this, naturally, prompted me to question why I wanted to go to Waterloo over Toronto. And I realized that I'm not entirely sure. As I said before, I like downtown Toronto. In terms of reputation, both Toronto and Waterloo are great. In terms of community and school spirit... people say Toronto is bad, but I don't know how much better Waterloo will be. The only advantage I see is that the co-op at Waterloo will probably help me get a better job after I graduate.
So confusing, so confusing... 
If anyone has any more input, I'd be very glad to hear it.
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