Barry Gollom, vice president of mortgages and lending at CIBC, says it's a myth that millennials don't want to own their own home.

TORONTO - Take off the rose-coloured glasses, Generation X and Generation Y. That's the message from the Bank of Montreal

Today's twentysomethings are feeling pinched, trying to earn meaningful pay cheques to put toward a mortgage, but the Canadian government has made it even tougher by tightening lending rules to keep a leash on the housing market. Combine this with a decade-long rise in house prices across Canada, it's no surprise Gen Y is feeling down about buying their first home.

A large majority of Canadians in the so-called Y generation are worried that affordability will hamper their desire to own