There is always a chance of rejection. All depends who gets sent 1st round admissions and whether they accept. You're in the running for a spot or you would gotten a rejection notice already. Most Canadian students try to at least apply to 2 schools if not more unless they are at the very top of their class and a good university and know they will likely get into theit choice of schools. The wait is almost over. Must of felt like a long time but they barely looked at your application until recently.