The 1985–86 WHL season was the 20th season for the Western Hockey League. Fourteen teams completed a 72-game season. The Kamloops Blazers won the President's Cup.
Note: GP = Games played; G = Goals; A = Assists; Pts = Points; PIM = Penalties in minutes
1986 WHL Playoffs
The East division played a round robin format amongst the top six teams:
- Prince Albert (9–1) advanced
- Medicine Hat (8–2) advanced
- Saskatoon (7–3) advanced
- Moose Jaw (4–6) advanced
- Lethbridge (1–9) eliminated
- Regina (1–9) eliminated
- Medicine Hat defeated Moose Jaw 3 games to 0
- Prince Albert defeated Saskatoon 3 games to 0
- Kamloops defeated Seattle 5 games to 0
- Portland defeated Spokane 5 games to 4
- Medicine Hat defeated Prince Albert 4 games to 3
- Kamloops defeated Portland 5 games to 1
- Kamloops defeated Medicine Hat 4 games to 1
On January 20, the Portland Winter Hawks defeated the West All-Stars 4–3 in Portland, Oregon with a crowd of 3,106.
On January 21, the East All-Stars defeated the Prince Albert Raiders 6–3 in Prince Albert, Saskatchewan before a crowd of 1,475.
- Note: In some cases, the WHL handed out separate awards for the East and West divisions.
|Most Valuable Player: East: Emanuel Viveiros, Prince Albert Raiders; West: Rob Brown, Kamloops Blazers
|Scholastic Player of the Year - Daryl K. (Doc) Seaman Trophy: Mark Janssens, Regina Pats
|Top Scorer - Bob Clarke Trophy: Rob Brown, Kamloops Blazers
|Most Sportsmanlike Player: East: Randy Smith, Saskatoon Blades; Ken Morrison, Kamloops Blazers
|Top Defenseman - Bill Hunter Trophy: East: Emanuel Viveiros, Prince Albert Raiders; West: Glen Wesley, Portland Winter Hawks
|Rookie of the Year - Jim Piggott Memorial Trophy: East: Neil Brady, Medicine Hat Tigers; West: (tie) Ron Shudra, Kamloops Blazers and Dave Waldie, Portland Winter Hawks
|Top Goaltender - Del Wilson Trophy: Mark Fitzbatrick, Medicine Hat Tigers
|Coach of the Year - Dunc McCallum Memorial Trophy: Terry Simpson, Prince Albert Raiders
|Regular season Champions - Scotty Munro Memorial Trophy: Medicine Hat Tigers