I can't comment on the gpa part, but if you are interested in eng phys make sure you are very comfortable with math and physics..try to understand and do well in math and physics (both 1d03 and 1e03).
That's the first time I see a department posting such a warning:
"Due to the particular emphasis throughout the programme on the link between science and engineering it is highly advisable that students interested in Engineering Physics have a strong standing in Physics and Mathematics."
http://engphys.mcmaster.ca/undergraduate/admissions.htm
So yea, make sure you really like math and physics!