In Vancouver, Campbell said, reducing the frontage for single-family homes to 10 metres could knock $200,000 to $300,000 off the asking price of a home.
Campbell, a former property developer, also said new compact housing types, green communities and reduced urban sprawl will contribute to a long-term reduction in the cost of housing in the province.
"Land is very expensive," said Peter Simpson, CEO of the Greater Vancouver Home Builders' Association. "Over the last decade, there's been a dramatic swing from single-family homes to multi-family homes, to tackle affordability."
