Python Selenium wait for page load to complete

from selenium import webdriver
from selenium.webdriver.support.ui import WebDriverWait
from selenium.webdriver.support import expected_conditions as EC
from selenium.webdriver.common.by import By
from selenium.common.exceptions import TimeoutException

browser = webdriver.Firefox()
browser.get("url")
delay = 3 # seconds
try:
    myElem = WebDriverWait(browser, delay).until(EC.presence_of_element_located((By.ID, 'IdOfMyElement')))
    print "Page is ready!"
except TimeoutException:
    print "Loading took too much time!"