The ownership group consists of British Columbia-based business men Ron Toigo and Sultan Thiara, Hockey Hall of Fame member Gordie Howe and former National Hockey League coach and general manager Pat Quinn.
The following season, the Giants went 26-37-5-4 (fourth in the B.C. division) and made their first playoff appearance, but lost in the first round to the eventual Presidents Cup champions, the Kelowna Rockets, in four games. Second-year forward Adam Courchaine led the team in scoring with 85 points, tallying 43 goals which still stands as a single-season franchise record.
In the 2003-04 season, the Giants continued to improve, posting a 33-24-9-6, which marked their first winning season. After defeating the Kamloops Blazers in the first round, the Giants lost in the second round to the expansion team Everett Silvertips in six games. Adam Courchaine led the team again in scoring, finishing ninth overall in the league. Hometown rookie Gilbert Brule, the first overall pick in the 2002 WHL Bantam Draft, scored 60 points and earned the Jim Piggott Memorial Trophy as the league's best first-year player.
In the 2004-05 season, the Giants went 34-30-4-4 and Brule emerged as a WHL star, finishing third in league scoring with 87 points, a franchise record. Courchaine, tallied 78 points, and finish seventh in league scoring; marking the first and only time thus far that the top ten league scorers would feature two Giants players. In the playoffs, the Giants lost in the first round to Kelowna. Despite the early exit, the Giants drew many fans to the Coliseum that year, due to the NHL lockout; game six against the Rockets drew 16,183 fans.
The 2005-06 season featured the Giants most significant improvement in the standings, and became one of the WHL's top teams. They finished the season 47-19-0-6, first in the B.C. division and third in the league overall. In the first round of the playoffs, the Giants beat the Prince George Cougars in five games, then the Portland Winterhawks in the second round, also in five games. In the third and final round, they won win eight straight, sweeping both the Everett Silvertips and Moose Jaw Warriors en route to their first ever President's Cup. Gilbert Brule had returned to the team midway through the season after starting 2005-06 with the NHL's Columbus Blue Jackets, and was named the WHL Playoff MVP after scoring 16 goals and 30 points in 18 post-season games, including 5 goals and 12 points in the finals.
By winning the WHL league title, the Giants earned their first Memorial Cup appearance in Moncton, New Brunswick. The Giants finished the round-robin tied for third, then defeated the Peterborough Petes in a tie-breaker in order to move on to the playoffs, but lost to the Moncton Wildcats in the semifinal. Brule scored 12 points in 5 games, earning the Ed Chynoweth Trophy, as tournament leading scorer. He was also be named to the Memorial Cup All-star team with Giants defenceman Paul Albers.
The Giants were chosen by the CHL prior to the 2006 Memorial Cup, to host the 2007 Memorial Cup. They finished the season, once again atop their division, fourth in the league. The season featured a goaltending controversy, in which starter Dustin Slade would begin the season splitting time with emerging goalie Tyson Sexsmith. Slade, frustrated with having to give up his starts, would leave the team in November to pursue a pro-hockey career. With Sexsmith (who finished first in the league in GAA) as their starting goalie, and a balanced offence that included Milan Lucic, Michal Repik and mid-season acquisitions Wacey Rabbit and Kenndal McArdle, the Giants made their way once again to the WHL final. The series went the distance against the Medicine Hat Tigers, but the Giants lost the seventh game in double overtime, failing to win their second consecutive league title. However, because of their automatic by into the Memorial Cup as hosts, the Giants avenged their seventh game loss against the Tigers, defeating Medicine Hat 3-1 in the final, capturing their first Memorial Cup title. Lucic earned the Stafford Smythe Memorial Trophy as tournament MVP, while linemate Michal Repik led the tournament in scoring (edging Lucic by one goal) to capture the Ed Chynoweth Trophy. Defenceman Cody Franson also joined Lucic and Repik on the tournament All-star team.
As defending Memorial Cup champions the following season, the Giants won the B.C. division for the third consecutive year and posted a franchise record 106 points (49-15-2-6), third in the league. Third-year forward Spencer Machacek, named team captain after expected captain Lucic would stick with the Boston Bruins of the NHL, would lead the team in scoring with 78 points, fourteenth in the league. On defence, Jonathon Blum, also a returnee from the Memorial Cup winning team, finished second among league defencemen in scoring, tallying 63 points, a single-season franchise-record among defenseman. In goal, Sexsmith once again led the league with a stellar 1.89 goals against average. The Giants run for a third consecutive Memorial Cup appearance was cut short; after sweeping the Chilliwack Bruins in the first round, the Giants were stopped by the Spokane Chiefs in six games.
Canadian Hockey League champion
Western Hockey League playoff champion
|Western Conference Champions|
First place in regular season
|#||align=left||Player||Catches||Height||Weight||DOB||Place of Birth|
|29||Tyson Sexsmith||L||6'0||204||March 19, 1989||Priddis, Alberta|
|35||Kraymer Barnstable||L||6'1||170||April 6, 1990||Kelowna, British Columbia|
|#||align=left||Player||Shoots||Height||Weight||DOB||Place of Birth|
|2||Dillon Scholten||R||6'3||190||January 3, 1990||Langley, British Columbia|
|4||Mike Berube||L||6'1||215||May 20, 1988||Edmonton, Alberta|
|5||Craig Schira||R||6'0||196||April 21, 1988||Spiritwood, Saskatchewan|
|6||Stefan Schneider||R||6'4||199||December 13, 1989||Vernon, British Columbia|
|7||Jonathon Blum||R||6'1||170||January 30, 1989||Rancho Santa Margarita, California|
|8||Neil Manning||R||5'11||170||May 12, 1991||Nanaimo, British Columbia|
|23||Jarrin Stanton||R||6'0||205||January 25, 1992||Trail, British Columbia|
|28||Brent Regner||R||6'0||170||May 17, 1989||Newbrook, Alberta|
|#||align=left||Player||Shoots||Height||Weight||DOB||Place of Birth|
|9||Evander Kane||L||5'11||160||August 2, 1991||Vancouver, British Columbia|
|10||Lance Bouma||L||6'0||194||March 25, 1990||Provost, Alberta|
|11||Chris Cloud||L||5'11||186||October 22, 1988||Waywayseecappo, Manitoba|
|12||Phil Gervais||R||6'0||179||March 10, 1990||St. Paul, Alberta|
|13||James Henry||R||6'0||180||March 11, 1991||Winnipeg, Manitoba|
|14||Craig Cunningham||L||5'9||175||September 3, 1990||Trail, British Columbia|
|15||Spencer Machacek||R||6'1||182||October 14, 1988||Lethbridge, Alberta|
|16||Mike Piluso||L||5'10||175||October 9, 1990||Maple Ridge, British Columbia|
|18||Mitch Czibere||L||5'11||185||February 15, 1989||Fort Saskatchewan, Alberta|
|19||James Wright||L||6'2||180||March 24, 1990||Saskatoon, Saskatchewan|
|20||Mario Bliznak||L||6'0||197||March 6, 1987||Trencin, Slovakia|
|21||Mike Reich||L||5'11||192||May 31, 1988||Craik, Saskatchewan|
|24||Garet Hunt||L||5'8||190||October 14, 1987||Maple Ridge, British Columbia|
|26||Michal Repik||L||5'11||184||December 31, 1988||Vlasim, Czech Republic|
|2001-02||72||13||49||6||4||198||365||36||5th B.C.||Out of playoffs|
|2002-03||72||26||37||5||4||217||292||61||4th B.C.||Lost Western Conference quarter-final|
|2003-04||72||33||24||9||6||215||196||81||2nd B.C.||Lost Western Conference semi-final|
|2004-05||72||34||30||4||4||212||205||76||3rd B.C.||Lost Western Conference quarter-final|
|2005-06||72||47||19||0||6||252||156||100||1st B.C.||Won WHL Championship; Lost Memorial Cup|
|2006-07||72||45||17||3||7||245||143||100||1st B.C.||Lost final; Won Memorial Cup|
|2007-08||72||49||15||2||6||250||155||106||1st B.C.||Lost Western Conference semi-final|
|2008–09||''Season in progress see 2008–09 WHL season|
|Team Records for a single season|
|Most Goals For||252||2005–06|
|Least Goals For||198||2001–02|
|Least Goals Against||143||2006–07|
|Most Goals Against||365||2001–02|
|Individual player records for a single season|
|Most Goals||Adam Courchaine||43||2002–03|
|Most Assists||Darren Lynch||53||2002–03|
|Most Points||Gilbert Brulé||87||2004–05|
|Most Points, rookie||Gilbert Brulé||60||2003–04|
|Most Points, defenceman||Jonathon Blum||63||2007–08|
|Best GAA, goalie||Tyson Sexsmith||1.79||2006–07|
|Goalies = minimum 1500 minutes played|