We’re number two.

The University of British Columbia (UBC) has been ranked Canada’s second best university.

According to a report released Tuesday by US News, UBC is the 29th best in the world.

The top spot in Canada was clinched by the University of Toronto for the fifth year in a row. The report names U of T as the 20th overall in the world.

The annual evaluation looks at 1,250 schools in 75 countries, and judges research-intensive universities across “teaching, research, knowledge transfer, and international outlook.”

Schools are also evaluated based on their research performance and ratings by members of the academic community.

Montreal’s McGill University ranked Canada’s third-best university, and tied at 43rd in the world.

Rounding out Canada’s top five are McMaster University (4th) and University of Montreal (5th).

Harvard University was ranked the world’s best university, followed by Massachusetts Institute of Technology (MIT), in second, and Stanford, in third.

Canada’s top 10 universities, according to US News:

University of Toronto University of British Columbia McGill University McMaster University University of Montreal University of Alberta University of Calgary University of Ottawa University of Waterloo University of Victoria

The world’s top 10 universities, according to US News: