Where did you get the Ready Brake Tow bar? And what base plate did you use?
I have base plate from etrailer.com. It's an etrailer branded Demco plate with removable connectors (nothing sticks out) for about $100 less than the demco plate. It's pretty easy to install (though all of them require some effort to remove the front fascia).
I have had the tow bar for so long I don't remember where I got it. But the manufacturer is NSA RV Products and they are online. It's a Ready Brute Elite.
Caveats and suggestions:
1. The Ready Brake saves money and that was my primary concern. It is, however, something of a pain to set up initially as one must run a cable from the front of the vehicle to the firewall near the brake. Not hard but it requires getting dirty and some bending, stretching etc.
2. You supposedly need a breakaway and they (NSA) have that too. I went about 15 years before I finally got around to adding that. It is also a cable that has to go to the brake pedal area. Easier to do though.
3. You end up worrying if something did not release and your brakes are dragging. While this has never happened to me, NSA has a connector on the tow bar where you can affix a wire to a warning light in the RV cab. It requires stringing the wire under the RV though (ugh). Another approach is to use a little gizmo from Roadmaster (again!) Roadmaster 759530B. It's on Amazon. You can also use this with any brake system you have not just the NSA. I found it to be useful and reliable but every once in a while (on bad roads) it malfunctions in one way or another and you have to turn it off and on to reset the electronics on it. Otherwise, OK.
4. Your baseplate will connect down by where the tow hooks are. This is really low on the Canyon, so you are gonna need a drop hitch of about 6 inches to level it up.
5. You need a way to deal with the taillights that have no power. Curt makes a harness that is totally plug and play and I HIGHLY recommend using this instead of messing around with other methods that require you to cut wires to install diodes. They sell these on Amazon. Mine is a 2020 and it uses Curt 58910.
Finally, if money were no object, I would not use the Ready Brake. It works but the install is a pain and you can't move it to your next vehicle. You can, but have to install a cable (and breakaway) in the new one. I have considered replacing it with the RVi Brake 3 system.