Report cards are out. Not for students, but for schools.

The Fraser Institute has released its rankings of Ontario’s elementary schools, and only two in Waterloo Region crack the top 100.

The region’s highest performing school is Waterloo’s Laurelwood Public school, with a score of 9.7 out of a possible 10.

It is tied for 25th best school in Ontario.

The results are based on standardized testing done in Grades 3 and 6 reading, writing, and math.

Director Peter Cowley tells 570 News, the Waterloo Catholic District School Board scored an average 6.1, while the Waterloo Region District School Board’s average score was 5.6.

The provincial average is 6 out of 10.

Cowley says the disappointing news is that overall, Ontario elementary schools haven’t made much significant improvement over five years.

However, he says the encouraging news is that the most recent round of testing shows schools can make improvements, regardless of family income or percentage of ESL students.

Our Lady of Lourdes in Waterloo was the only other school in the region in the top 100.

Guelph’s Edward Johnson School received a score of 10, jumping up from a 40th place ranking five years ago.

On the other end of the spectrum, Cambridge’s Christ the King elementary school had the lowest ranking of local schools.

It scored 2.8, falling from a 4.9 rating in 2007.