This doesn't just address the design bottleneck. Since it is a standard, permitting is super fast to approve. Construction will be quicker since each home will be made of standard components. The hope is that much of the construction can be done off site with a quicker assembly done on site.
Funding may be easier to get if the are able to negotiate with the builder. Say, the original owner gets a new unit + lump sum and the builder gets to sell the other units to pay off the costs of construction.
Have you seen the proposed Official Community Plan for Burnaby? I would say it could go further at densifying neighourhoods near transit, but its clear that most of the city will become zoned for apartments and townhomes.