The 1969–70 SM-sarja season was the 39th season of the SM-sarja, the top level of ice hockey in Finland. 10 teams participated in the league, and HIFK Helsinki won the championship.
| Club | GP | W | T | L | GF–GA | Pts | ||
|---|---|---|---|---|---|---|---|---|
| 1. | 22 | 17 | 3 | 2 | 122:61 | 37 | ||
| 2. | 22 | 17 | 0 | 5 | 161:70 | 34 | ||
| 3. | 22 | 14 | 5 | 3 | 112:53 | 33 | ||
| 4. | 22 | 13 | 4 | 5 | 107:67 | 30 | ||
| 5. | 22 | 13 | 2 | 7 | 125:78 | 28 | ||
| 6. | 22 | 9 | 5 | 8 | 86:59 | 23 | ||
| 7. | 22 | 8 | 4 | 10 | 112:94 | 20 | ||
| 8. | 22 | 7 | 5 | 10 | 81:96 | 19 | ||
| 9. | 22 | 8 | 2 | 12 | 82:98 | 18 | ||
| 10. | 22 | 7 | 2 | 13 | 98:103 | 16 | ||
| 11. | 22 | 2 | 0 | 20 | 60:240 | 4 | ||
| 12. | 22 | 1 | 0 | 21 | 53:180 | 2 |