The University of Toronto is probably a lot better funded than Waterloo, too, has a massive student base, and has connections to other local universities that are also much larger than Waterloo like York and Ryerson.
This selection will certainly put a dent in Waterloo's reputation, though with any luck they'll be able to capitalize on it in some capacity due to their proximity.
This selection will certainly put a dent in Waterloo's reputation, though with any luck they'll be able to capitalize on it in some capacity due to their proximity.