The absolute best analog of tic and toc would be to simply define them in python.
def tic():
#Homemade version of matlab tic and toc functions
import time
global startTime_for_tictoc
startTime_for_tictoc = time.time()
def toc():
import time
if 'startTime_for_tictoc' in globals():
print "Elapsed time is " + str(time.time() - startTime_for_tictoc) + " seconds."
else:
print "Toc: start time not set"
Then you can use them as:
tic()
# do stuff
toc()