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Courtesy Of
Linda Brunner Of GREATER CALGARY REAL ESTATE

$29,000

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0
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ACTIVE

Not specified

MLS® #C4201325

Large Pie shaped lot for sale in Stavely, Ab. Come build your dream home and garage or shop on this large lot with back lane access in this friendly little community with lots to offer. Lot is unserviced but utility services - natural gas, electricity, water, sewer, telephone are at the property line. Move on homes are a possibility, please…
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Robin D Burwash Of COLDWELL BANKER MOUNTAIN CENTRAL

$175,000

Beds
0
Baths
0.00

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Not specified

MLS® #C4201085

Looking for a great investment and opportunity. Come to Turner Valley. Great lot enclosed by mature trees, a circle drive with trees in the center. Large 208 x 271 ft lot, zoned R-1X, which purpose and intent of this District is to provide an area for single detached and manufactured housing. Great location down the street to the Elementary School.…
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Courtesy Of
Ravi Duhra Of MY MOVE REALTY

$609,900 - 1471 Sq.Ft

Beds
3
Baths
2.00

ACTIVE

Detached

MLS® #C4199026

For more info click Multimedia - Well maintained family home on 4.62 acres. Level lot fenced and cross-fenced. East facing w/ open concept kitchen, dining room and living room. Main also has 3 bedrooms and 2 baths. Basement has den and storage room. Detached garage could be re-configured to accommodate three vehicles. - For more info click Multimedia
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Courtesy Of
Tom Sherry Of CIR REALTY

$5,000,000 - 5327 Sq.Ft

Beds
4
Baths
4.10

ACTIVE

Detached

MLS® #C4198984

CLICK THE VIRTUAL TOUR LINK FOR A VIDEO TOUR. This Airport property has a 4500 foot long paved runway, a 4241 square foot heated hangar, a home with over 8100 square feet of interior living space, and amazing Rocky Mountain views! This full quarter section of land is one mile in length by a quarter mile wide, ideal for a…
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Courtesy Of
Jillaine Carlin Of RE/MAX LANDAN REAL ESTATE

$788,445 - 1380 Sq.Ft

Beds
2
Baths
2.00

ACTIVE

Lowrise Apartment

MLS® #C4197573

Welcome to Sanderson Ridge! 40+ adult living at its best! Premiere location, this unit is overlooking Fish Creek Park with stunning views right from your private balcony. Spacious open concept 2 bedroom floor plan sparing no details on the high end finishing. 9 ft ceilings, wide plank hardwood floors, gourmet kitchen w/quartz countertops, full height cabinetry w/glass tiled back splash,…
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Courtesy Of
Jodi Hanrahan Of CIR REALTY

$634,000 - 1503 Sq.Ft

Beds
5
Baths
3.00

ACTIVE

Detached

MLS® #C4197995

Welcome to paradise country! Beautiful BUNGALOW : 5 bedroom, 3 bath...just over 3000 sqft of developed living space with extensive mountain & valley views. Enjoy your morning coffee on your 10x36 covered front porch facing the Rockies. Inside this wonderful home you have 3 bedrooms on the main, one being a master with a FIVE piece ensuite! Well developed open…
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Courtesy Of
Esther Leung Of ROYAL LEPAGE BENCHMARK

$279,900 - 1003 Sq.Ft

Beds
4
Baths
2.10

ACTIVE

Detached

MLS® #C4198120

Looking for a recreation property with an expansive view of the Lake McGregor? This 4 bedrooms house with 2 1/2 baths on 3.26 acres in Milo Estate, has large front deck facing the lake. there is a detached double garage, small barn and a sea can, is perfect for you. Main floor has living room, kitchen, eating area, laundry and…
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Courtesy Of
Brad Lindeburgh Of CENTURY 21 WESTCOUNTRY REALTY LTD.

$89,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4197731

174 Riverside – Big bright 5th wheel and covered deck on a private lush lot! Deep pie-shaped lot backing onto a creek area full of lush vegetation and wildlife. 2002 39’ Teton with lots of light oak, an open plan with kitchen island, and three roomy slides. Includes a washer and dryer! Large covered private deck with extra ‘cooking balcony’…
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Courtesy Of
Rodney Perks Of ROYAL LEPAGE COUNTRY REALTY

$276,000 - 1872 Sq.Ft

Beds
3
Baths
2.10

ACTIVE

Detached

MLS® #C4197470

Priced below assessed value!!Great location to school & downtown. This well built custom 2 storey home with attached single car garage offers many great features - large kitchen/dining area plus formal dining room - bright cozy living room with wood burning heatilator fireplace - attached fully enclosed 3 season room - huge master suite with jetted tub & separate shower…
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Courtesy Of
Mark Wang Of HOMECARE REALTY LTD.

$129,900 - 145 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Retail

MLS® #C4197452

Unit A26, the Lowest price for sale for this rare opportunity to open your own business inside the brand new & sold out international shopping destination, New Horizon Mall. Shop size is 145 net sq ft and available immediately. The New Horizon Mall is an architectural masterpiece located near Balzac, that will be an international shopping destination with 500 vendors…
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Courtesy Of
Roger Arsenault Of MAXWELL CANYON CREEK

$1,250,000

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4196752

HERE IS A GREAT OPPORTUNITY TO FARM THIS LAND AND EXPERIENCE THE FARMING LIFE. LOCATED JUST NORTH OF AIRDRIE BETWEEN HIGHWAY 2 AND DICKSON-STEVENSON ROAD. THE LAND IS CURRENTLY LEASED OUT FOR THE FARMING SEASON SO YOU COULD CONTINUE TO LEASE IT OR FARM IT YOURSELF.
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Courtesy Of
Mike Fleming Of MICHAEL FLEMING REALTY CORP.

$1,090,000 - 7880 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Multi Unit

MLS® #C4187232

This 7-suite unit consists of 3 -3BR units with 1.5 bath, 2 - 2BR units, 2 1BR units. All units are self contained with individual entrance, individual furnace, hot water tank and laundry facilities. Located on Bowness Road NW on a major bus route and a 15-minute drive to downtown via Memorial Dr. Tenants pay their own utilities.
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Courtesy Of
Mike Fleming Of MICHAEL FLEMING REALTY CORP.

$1,575,000 - 9362 Sq.Ft

Beds
0
Baths
0.00

ACTIVE

Multi Unit

MLS® #C4187293

10 suites in the heart of Bowness. 3 - 1BR 7 - 2BR. Secured cantilevered parking. All suites have a balcony or a patio. Good location close to U of C , Foothills Hospital, Alberta Children's Hospital, Market Mall
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Courtesy Of
Henry Cain Of RE/MAX HOUSE OF REAL ESTATE

$9,950,000 - 6501 Sq.Ft

Beds
3
Baths
4.50

ACTIVE

Detached

MLS® #C4194890

A ONE OF A KIND MASTERPIECE , TO CALL YOUR HOME ! THIS HAS NEVER BEEN CLOSE TO DUPLICATED IN THE CALGARY AREA . 3.88 ACRES , A TOTAL OF 13,000 SQUARE FEET DEVELOPED . OVERSIZED EIGHT BAY GARAGE . ALONG WITH AN ATTACHED 2000 SQUARE FOOT RV STORAGE AND SHOP . R/I GOLF SIMULATOR ROOM . THIS HOME IS…
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Courtesy Of
Bruce McIntosh Of RE/MAX LANDAN REAL ESTATE

$989,450

Beds
0
Baths
0.00

ACTIVE

Not specified

MLS® #C4182736

*PRICE REDUCED* 35.98 Acres of future residential land in Langdon.


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Canadian home sales down in January

Canadian home sales down in January

Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.

Highlights:

  • National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January.
  • Actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y).
  • The number of newly listed properties was little changed (+0.2%) m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 4.7% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 11.2% y-o-y.

Home sales recorded over Canadian MLS® Systems declined by 2.9% in January 2020, although they remain among the stronger monthly readings of the last few years. (Chart A)

Transactions were down in a little over half of all local markets in January, with the national result most impacted by a slowdown of more than 18% in the Lower Mainland of British Columbia. While there were few notable gains in January, it should be noted that many of the weaker results have come alongside a shortage of new supply in markets where inventories are already very tight.

Actual (not seasonally adjusted) sales activity was still up 11.5% compared to January 2019, marking the best sales figures for the month in 12 years. Transactions surpassed year-ago levels in about two-thirds of all local markets, including most of the largest urban markets. As mentioned, some of the larger markets where sales were down, such as Ottawa and Windsor-Essex, are currently among some of the tightest supplied markets in Canada.

“Home price growth continues to pick up in housing markets where listings are in short supply, particularly in Southern, Central and Eastern Ontario,” said Jason Stephen, president of CREA. “Meanwhile, ample supply across the Prairies and in Newfoundland and Labrador is resulting in ongoing competition among sellers. All real estate is local, and nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“Looking at local market trends across the country, one thing that stands out in markets with historically tight supply is a larger than normal drop in new listings at this time of the year,” said Shaun Cathcart, CREA’s Senior Economist. “The logic being that if you are a seller, you’re not just choosing when to list but effectively when to sell, so why not hold off until the spring when the weather is better, and more buyers are looking? Deferred listings mean deferred sales, which could explain some of January’s decline in activity. The question going forward is how many sellers are out there waiting to list their property, how much demand will respond, and how that will impact prices later this year.”

The number of newly listed homes was little changed in January, edging up a slight 0.2% on the heels of a series of declines which have left new listings at a near decade low. January’s small m-o-m change came as the result of declines in a number of larger markets, including Calgary, Edmonton and Montreal, which were offset by gains in the York and Durham Regions of the Greater Toronto Area (GTA) where new supply bounced back at the start of 2020 following a sharp slowdown towards the end of last year.

With sales down and new listings up slightly in January, the national sales-to-new listings ratio fell back to 65.1% compared to 67.2% posted in December 2019. Even so, the long-term average for this measure of housing market balance is 53.8%. It has been significantly above that long-term average for the last four months. Barring an unforeseen change in recent trends between the balance of supply and demand for homes, price gains appear poised to accelerate in 2020.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, close to two-thirds of all local markets were in balanced market territory in January 2020. Apart from a few areas of Alberta and Saskatchewan, the remainder were all favouring sellers.

The number of months of inventory is another important measure of the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 4.2 months of inventory on a national basis at the end of January 2020 – the same as in November and December and the lowest level since the summer of 2007. This measure of market balance is now a full month below its long-term average of 5.2 months. While still just within balanced market territory, its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers.

National measures of market balance continue to mask significant and increasing regional variations. The number of months of inventory has swollen far beyond long-term averages in the Prairie provinces

and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well below long-term averages in Ontario, Quebec and the Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still in balanced market territory in British Columbia.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.8% in January 2020 compared to December, marking its eighth consecutive monthly gain. It is now up 5.5% from last year’s lowest point in May and has set new records in each of the past six months. (Chart B)

The MLS® HPI in January was up from the previous month in 14 of the 18 markets tracked by the index. (Table 1)

Home price trends have generally been stabilizing in most Prairie markets in recent months following lengthy declines. Meanwhile, prices are clearly on the rise again in British Columbia and in Ontario’s Greater Golden Horseshoe (GGH). Further east, price growth in Ottawa, Montreal and Moncton continues as it has for some time now, with Montreal and particularly Ottawa having strengthened noticeably in recent months.

Comparing home prices to year-ago levels yields considerable variations across the country, although for the most part trends are still regionally split along east/west lines, with rising gains from Ontario east, and a mixed bag of smaller gains and declines in B.C. and the Prairies.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) rose 4.7% y-o-y in January, the biggest year-over-year gain since February 2018.

Home prices in Greater Vancouver (-1.2%) remain slightly below year-ago levels, but declines are still shrinking. Meanwhile, January saw prices back in positive y-o-y territory in the Fraser Valley (+0.3%). Elsewhere in British Columbia, home prices logged y-o-y increases in the Okanagan Valley (+3.5%), Victoria (+3.4%) and elsewhere on Vancouver Island (+4%).

Calgary, Edmonton and Saskatoon continued to post small y-o-y price declines, while the y-o-y gap has now widened to -6.9% in Regina.

In Ontario, home price growth has re-accelerated across most of the GGH, with a number of markets getting close to double digits. Meanwhile, price gains in recent years have continued uninterrupted in Ottawa (+13.7%), Montreal (+9.8%) and Moncton (+6.4%).

All benchmark home categories tracked by the index accelerated further into positive territory on a y-o-y basis, with similar sized gains among the different property types.

Apartment unit prices posted the biggest y-o-y increase (+5%) followed closely by two-storey single family homes (+4.8%), one-storey single-family homes (+4.4%) and townhouse/row units (+4.2%).

The MLS® HPI provides the best way to gauge price trends, because averages are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in January 2020 was around $504,350, up 11.2% from the same month the previous year. This was the largest increase since mid-2016.

The national average price is heavily influenced by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts close to $110,000 from the national average price, trimming it to around $395,000.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations, representing more than 130,000 REALTORS® working through 90 real estate boards and associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:
Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca

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CREA’s Chief Economist, Gregory Klump, retires after 28 years

CREA’s Chief Economist, Gregory Klump, retires after 28 years

Ottawa, ON, February 11, 2020 –  Gregory Klump, CREA’s Chief Economist, has retired from The Canadian Real Estate Association after 28 years.

Greg Klump

Klump joined CREA in 1992, serving as staff economist for the Association. Promoted to Chief Economist in 2005, he grew CREA’s economic and data team into an authoritative source of Canadian real estate data and market analysis.

Klump was instrumental in the development of the MLS® Home Price Index (MLS HPI®). He was a member of CMHC’s National Housing Research Committee as well as a contributor to the Economic Research Committee of the Canadian Home Builders Association.

CREA wishes Gregory Klump all the best in his future endeavors.

– 30 –

About The Canadian Real Estate Association
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry associations. CREA works on behalf of more than 130,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

For more information, please contact:
Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: pleduc@crea.ca­

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Canadian home sales inch lower in December

Canadian home sales inch lower in December

Ottawa, ON, January 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales eased between November and December 2019.

Highlights:

  • National home sales declined by 0.9% on a month-over-month (m-o-m) basis in December.
  • Actual (not seasonally adjusted) activity was up 22.7% year-over-year (y-o-y).
  • The number of newly listed properties dropped by a further 1.8% m-o-m.
  • The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 3.4% y-o-y.
  • The actual (not seasonally adjusted) national average sale price climbed 9.6% y-o-y.

Home sales recorded over Canadian MLS® Systems edged down 0.9% in December 2019, ending a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017.

There was an almost even split between the number of local markets where activity rose and those where it declined, with higher sales in the Lower Mainland of British Columbia, Calgary and Montreal offsetting declines in the Greater Toronto Area (GTA) and Ottawa.

Actual (not seasonally adjusted) activity was up 22.7% compared to a quiet month of December in 2018. Transactions surpassed year-ago levels across most of Canada, including all of the largest urban markets.

“Home price growth is picking up in housing markets where listings are in short supply,” said Jason Stephen, president of CREA. “Meanwhile, the mortgage stress-test continues to sideline potential home buyers where supply is ample. All real estate is local, and nobody knows that better than a professional REALTOR®, your best source for information and guidance when negotiating the sale or purchase of a home,” said Stephen.

“The momentum for home price gains picked up as last year came to a close,” said Gregory Klump, CREA’s Chief Economist. “If the recent past is prelude, then price trends in British Columbia, the GTA, Ottawa and Montreal look set to lift the national result this year, despite the continuation of a weak pricing environment among housing markets across the Prairie region.”

The number of newly listed homes slid a further 1.8% in December, leaving new supply close to its lowest level in a decade. December’s decline was driven mainly by fewer new listings in the GTA and Ottawa–the same markets most responsible for the decline in sales. Listings available for purchase are now running at a 12-year low. The number of housing markets with a shortage of listings is on the rise; should current trends persist, fewer available listings will likely increasingly weigh on sales activity.

With new listings having declined by more than sales, the national sales-to-new listings ratio further tightened to 66.9% in December 2019 – the highest reading since the spring of 2004. The long-term average for this measure of housing market balance is 53.7%. Barring an unforeseen change in recent trends for the balance between the supply and demand for homes, price gains appear poised to accelerate in 2020.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, just over half of all local markets were in balanced market territory in December 2019. That list still includes Greater Vancouver (GVA) but no longer includes the GTA, where market balance favours sellers in purchase negotiations. By contrast, an oversupply of homes relative to demand across much of Alberta and Saskatchewan means sales negotiations remain tilted in favour of buyers. Meanwhile, an ongoing shortage of homes available for purchase across most of Ontario, Quebec and the Maritime provinces means sellers there hold the upper hand in sales negotiations.

The number of months of inventory is another important measure of the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 4.2 months of inventory on a national basis at the end of December 2019 – the lowest level recorded since the summer of 2007. This measure of market balance has been falling further below its long-term average of 5.3 months. While still within balanced market territory, its current reading suggests that sales negotiations are becoming increasingly tilted in favour of sellers.

National measures of market balance continue to mask significant and increasing regional variations. The number of months of inventory has swollen far beyond long-term averages in Prairie provinces and Newfoundland & Labrador, giving homebuyers ample choice in these regions. By contrast, the measure is running well below long-term averages in Ontario, Quebec and Maritime provinces, resulting in increased competition among buyers for listings and providing fertile ground for price gains. The measure is still within balanced market territory in British Columbia but is becoming increasingly tilted in favour of sellers.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) rose 0.8%, marking its seventh consecutive monthly gain. It is now up 4.7% from last year’s lowest point reached in May and has toppled all previous records in each of the past five months. (Chart B)

The MLS® HPI in December was up from the previous month in 14 of the 18 markets tracked by the index.

Home price trends have generally been stabilizing in the Prairies in recent months following lengthy declines but are clearly on the rise again in British Columbia and in Ontario’s the Greater Golden Horseshoe (GGH). Further east, price growth in Ottawa and Montreal has been ongoing for some time and strengthened toward the end of 2019.

Comparing home prices to year-ago levels yields considerable variations across the country, although for the most part has been regionally split along east/west lines, with declines in the Lower Mainland and major Prairie markets and gains in central and eastern Canada.

The actual (not seasonally adjusted) Aggregate Composite MLS® (HPI) rose 3.4% y-o-y in December 2019, the biggest year-over-year gain since March 2018.

Home prices in Greater Vancouver (-3.1%) and the Fraser Valley (-2%) remain below year-ago levels, but declines are shrinking. Elsewhere in British Columbia, home prices logged y-o-y increases in the Okanagan Valley (+4.2%), Victoria (+2.3%) and elsewhere on Vancouver Island (+4.2%).

Calgary, Edmonton and Saskatoon posted y-o-y price declines of around -1% to -2%, while the gap has widened to -4.6% in Regina.

In Ontario, home price growth has re-accelerated well above consumer price inflation across most of the GGH. Meanwhile, price gains in recent years have continued uninterrupted in Ottawa, Montreal and Moncton.

All benchmark home categories tracked by the index accelerated further into positive territory on a y-o-y basis. One-storey single-family home prices posted the biggest increase (3.6%) followed closely by apartment units (3.4%) and two-storey single family homes (3.3%). Townhouse/row unit prices climbed a slightly more modest 2.7% compared to December 2018.

The MLS® HPI provides the best way to gauge price trends, because averages are strongly distorted by
changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in December 2019 was around $517,000, up 9.6% from the same month the previous year.

The national average price is heavily skewed by sales in the GVA and GTA, two of Canada’s most active and expensive housing markets. Excluding these two markets from calculations cuts more than $117,000 from the national average price, trimming it to around $400,000 and reducing the y-o-y gain to 6.7%.

– 30 –

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 130,000 REALTORS® working through 90 real estate boards and associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:
Pierre Leduc, Media Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460

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