The season began on the heels of a blockbuster trade involving goaltender Roberto Luongo and Lukas Krajicek coming to Vancouver in exchange for Todd Bertuzzi, Alex Auld and Bryan Allen.
In addition to the departures of high-profile players such as Bertuzzi, Jovanovski and Carter, general manager Dave Nonis had fired Marc Crawford as head coach after the 2005–06 season, and replaced him with Alain Vigneault.
However, after the Christmas break, the team had settled down on Vigneault's coaching system, and played stellar hockey from that point on, exceeding the expectations of fans, analysts and critics alike.
On April 7, 2007, the Canucks defeated the San Jose Sharks by a score of 4–3 in overtime to clinch the Northwest Division title; their second in the past three seasons.
On January 9, 2007, the NHL announced that Roberto Luongo had been voted by the fans to start in goal in the 2007 All-Star Game in Dallas.
For the first time in franchise history, the Canucks ended the regular season with the league's best penalty killing record, with an 86.9% efficiency.
Although Trevor Linden experienced a resurgence and tied for the team lead for scoring in the playoffs, the Sedin twins could not escape the Ducks' tight checking.
In the deciding Game 5 in Anaheim, call-up rookie Jannik Hansen attempted to move the puck from the Canucks' zone, but was caught by a thunderous hit by Rob Niedermayer.
In addition, Mike Keane won the Fred T. Hunt Memorial Award for Sportsmanship, Perseverance and overall dedication to hockey.