No it cannot be done.
http://www.key-to-steel.com/articles/art9.htm
Note that spring steels have a low carbon content. Thus heating and cooling them will nullify all the work hardening processes the engineers have specified be done before it is mounted on your car. This heating and cooling of low carbon steels and other metals is called annealing. Annealing your nice cold rolled and drawn work hardened swaybar will turn it into nothing more than a limp noodle in comparison to what you had before.
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EDIT:
Or if there happens to be an appreciable amount of carbon in the steel dunking it into water after heating (with a torch or in brine or whatever) could reverse the tempering process. Tempering is a controlled cooling to allow for a precise grain formation. Instead of a spring you could well have something that will snap as easily as a toothpick because it has lost all its ductility.
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You are lucky however. You live in Calgary.
Calgary happens to have one of the best automotive spring remanufacturers in the world. If you want to stiffen your swaybar of perhaps reshape it go talk to the folks at
http://www.standens.com/index2.htm
They do wheel alignment also.
No I don't work there.