It depends. Depends on the years of experience - obviously 10-20 years of experience, especially in different companies, would not fit on 1 page. Depends on the position level you are applying to - higher level position requires better justification of previous positions held. Depends also on the reviewers, some use specialiced HR software, others are rather old school.

Personal experience: I have around 13 years of experience in 6 different companies. This along with the usual stuff like education, languages and skills fit fine on 3 pages. Had to change the job due to personal reasons last April. Got an interview on the first application. Now am working there. Company is rather conservative I would say.