Downtown Montréal has just experienced a construction boom which has only been equalled by that of 1960-62. This burst of activity will inevitably slow down and eventually be followed by a new resurgence. Both the private and public sector buildings which have been built have practically reshaped certain areas of the district. This transformation is in many ways similar to the development of the preceding decades and yet presents several original charac-teristics. The following article analyses recent construction in downtown Montréal and comments on its future development.