Insulating basements is tricky because the concrete wall is a source of moisture as well. 
The lower part of the foundation wall that is in contact with outside soil will always be a source of moisture unless the foundation has been waterproofed. The upper exposed part of the same foundation wall will be a place where the moisture can escape. 
Vapour barrier should be on both sides of the insulation for basement walls, with an area at the top of the foundation-side vapour barrier left so the insulation is only exposed to the "drier" portion of the foundation wall. 
		
	
		
		
		
		
			
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				Mitch 
 
			 
		
		
		
		
	
		
		
	
	
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