The C.D. Howe Institute has just released a report on the ranking of the Best and Worst of the 2,240 Elementary schools in Alberta. This review and ranking actually takes into consideration the socio-economic aspects of the individual schools environment.
Rankings are always difficult to do and often mislead as much as they enlighten. In something as complicated and varied as elementary schools in a diverse province like Alberta those ranking problems tend to get amplified.
As Alberta Teachers Association President, Frank Bruseker, has oft said of other school rankings, they essentially measure the house prices in the neighbourhoods where the schools are located. That is a powerful way to say school performance is very strongly influenced by the socio-economic realties of the local neighbourhoods.
Full disclosure, I am a Member of the C.D. Howe Institute so I have a bias in fabour of their work. That notwithstanding, this review and ranking report on Alberta Elementary Schools is worth a serious read.