Canada

Sure, this would mean that there would suddenly spring into existence thousands upon thousands of businesses whose sole purpose and property is a single family home dwelling for rent purposes, but as a side effect of that, every home for rent would generate additional revenue for the government and would be an administrative nightmare for the business owners who own these homes. If you also tack in that this law affects conglomerates or companies and industries who commingle their finances, then that makes it incredibly difficult and technically illegal for businesses to do this kind of business.

Long story short, there should not be an industry in a developed world who profits off of ensuring that average citizens are never able to acquire property equity in their lifetimes.

Apartments are great for people who are starting out. Those should still exist because there are more hassles and then just maintaining a single property, and many people prefer living in apartments over houses because they don't have to be responsible for the roof and the water heater and whatnot.