Calendar app in macOS Monterey 12.0.1 freezes when changing dates

Since upgrading to Monterey 12.0.1, my native Calendar.app acts as if it's pulling data from remote sources each time I change the view. For example, changing the view to the next day initially shows a blank calendar, with a delay of between 5 seconds and 7 seconds until the data populates. If I go back to the previous day, which had all of its data populated before changing, the same thing happens...the day is blank, and then populates with data after a delay. Same with week, month and year views, except that each takes a longer time to load based on the number of days I'm trying to view.

Currently use Calendar.app for multiple Gmail calendars and one Outlook calendar. If I deselect the Outlook calendar, the app works like it did under Big Sur...the data seems to be housed locally, and the view updates immediately when I change dates or from day to week. So the issue seems to be with the Outlook calendar and the fact that the app seems to be making a data request with every view change (as if none of the data is cached locally). Again, this did NOT occur with Big Sur.

Guessing this is potentially a Monterey 12/12.0.1 bug? Insights welcome, please!