1987
- February 14
- Visit by Queen Margarethe of Denmark.
- February 21
- Plans for 152 metre high observation/tourist tower revealed by Christchurch businessman Jamie Tulloch.
- March 14
- "Te Māori" exhibition opens at the McDougal Art Gallery. Over a nine week period, 147,012 people visited "Te Māori", the largest number to a single exhibition at the Gallery
- May 8
- Sir Neil Isaac, founder of Peacock Springs Conservation Park dies.
- June 6
- $84 million redevelopment of Christchurch Hospital approved.
- July 21
- St Michaels Church Day School - 136th anniversary.
- July 23
- Lotto sales start.
- September 5
- Canterbury Rowing Club 125th anniversary - believed to be the oldest sports club in New Zealand. See 1861.
- October 20
- World-wide share market crash affects Christchurch Stock Exchange .
- November 22
- "Trans Alpine" express train designed specifically for the tourist trade, begins its daily run from Christchurch to Greymouth.
- December 1
- Visit by King Baudouin and Queen Fabiola of Belgium.
- December 5
- Rev Margaret Wood elected the first female Archdeacon in the Christchurch Anglican Diocese.
- December 18
- Stage 1 of Museum restoration approved.
- December 27
- Rewi Alley dies in Peking, China. He left Christchurch for China in 1926.