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The Chilliwack Bruins joined the WHL as an expansion team, playing in the B.C. Division of the Western Conference. The Kootenay Ice returned to the Central Division of the Eastern Conference, while the Swift Current Broncos moved to the East Division of the Eastern Conference.
On October 23, three players with the Moose Jaw Warriors were struck by a suspected drunk driver while returning home following a road trip. Two players were treated and released from hospital; however, Garrett Robinson was critically injured in the accident, leaving him in a coma. After the accident, the Warriors established the Garrett Robinson Recovery Fund to provide financial assistance to Robinson's family.
The WHL announced at the Memorial Cup tournament that the league's championship trophy—until then, known as the President's Cup—would be renamed in honour of Ed Chynoweth, who served as WHL president from 1972 until 1995. The Tigers' championship was thus the last one played for the President's Cup under that name.
Note: GP = Games played; Min = Minutes played; W = Wins; L = Losses; SOL = Shootout losses ; GA = Goals against; SO = Total shutouts; SV% = Save percentage; GAA = Goals against average
Note: In the first round, the first place team in each division plays the fourth place team; the second place team faces the third. After the first round, the four remaining teams in each conference are re-seeded by regular season record.
The Vancouver Giants hosted the 2007 Memorial Cup tournament, which also featured the WHL champion Medicine Hat Tigers. The Plymouth Whalers represented the Ontario Hockey League, and the Lewiston Maineiacs represented the Quebec Major Junior Hockey League.
The Tigers earned a spot in the Championship game with a 2–1 round robin record, falling 3–1 to the Maineiacs before defeating the Whalers 4–1, and the Giants 1–0. The Giants also finished 2–1, defeating Plymouth 4–3 in overtime and Lewiston 2–1. Their loss to Medicine Hat dropped them into a semifinal game. The Giants prevailed in the semifinal to meet the Tigers in the final, and defeated Medicine Hat 3–1 to take the title.