Fifteen teams each played 66 games.
The Guelph Platers won the J. Ross Robertson Cup, defeating the Belleville Bulls.
The Hamilton Steelhawks moved from the Mountain Arena to Copps Coliseum early in the season.
Note: GP = Games played; W = Wins; L = Losses; T = Ties; GF = Goals for; GA = Goals against; PTS = Points; x = clinched playoff berth; y = clinched division title [1]
Marie Greyhounds held the first overall pick in the 1986 Ontario Priority Selection and selected Troy Mallette from the Rayside-Balfour Midgets.