Typically, in past cycles anyway, the combination of a high LSAT and a high CGPA will be the apps that receive the very first offers. These should likely go out sometime next week, if previous timelines are an indication. This would mean that Osgoode has all apps by now, and has sorted the very top candidates already. There was a year, maybe two or three ago, where the first offers were out in mid-November but that clearly isn't the norm.
Don't rely on the In Queue designation. Some will
I don't mean to come off too much as "hoorah UofT" but I think your example with the Davies Corporate/Securities Moot might actually go the other way – UofT has won the Davies Moot every year since 2011 except for 2014 when they placed second and 2020 when you caught 'em slipping (though UofT got second place oralist!). I guess even Lebron James misses the playoffs once in his career!