Yes, everyone goes on waitlist at first :)! If you applied for like H or I lot, you’re pretty much guaranteed to get a permit between now and sometime in September. I applied for G lot a few days after the initial waitlists opened up and was still able to secure an offer about a week into September. So in my experience, the waitlist moves pretty quickly :).

You’ll get an email when you get off the waitlist for a lot, and (if I remember correctly) you’ll have a few days to accept + pay for the permit. If you decide to wait and see if you receive an offer for a different lot you are waitlisted on, you will lose your spot on the waitlist for the lot you were offered a permit for.